Expeditors International of Washington (NASDAQ:EXPD) Given Average Recommendation of “Hold” by Analysts

Shares of Expeditors International of Washington (NASDAQ:EXPD) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $73.00.

EXPD has been the subject of several recent analyst reports. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. ValuEngine lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research report on Monday, May 27th. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a research report on Monday, May 20th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research report on Friday, May 17th.

Several hedge funds and other institutional investors have recently made changes to their positions in EXPD. Vanguard Group Inc boosted its stake in shares of Expeditors International of Washington by 1.7% during the third quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock valued at $1,509,974,000 after purchasing an additional 336,122 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Expeditors International of Washington by 2.1% during the fourth quarter. Mackenzie Financial Corp now owns 8,341 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 169 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Expeditors International of Washington by 0.3% during the fourth quarter. Prudential Financial Inc. now owns 203,107 shares of the transportation company’s stock valued at $13,830,000 after purchasing an additional 700 shares in the last quarter. Eaton Vance Management boosted its stake in shares of Expeditors International of Washington by 2.0% during the fourth quarter. Eaton Vance Management now owns 25,564 shares of the transportation company’s stock valued at $1,741,000 after purchasing an additional 509 shares in the last quarter. Finally, FDx Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 40.2% during the fourth quarter. FDx Advisors Inc. now owns 7,138 shares of the transportation company’s stock valued at $486,000 after purchasing an additional 2,046 shares in the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Shares of NASDAQ EXPD opened at $75.86 on Friday. The stock’s 50 day moving average is $73.13. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.14. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69. The company has a market capitalization of $13.05 billion, a PE ratio of 21.80 and a beta of 0.88.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that Expeditors International of Washington will post 3.46 EPS for the current year.

The firm also recently announced a semiannual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.50 per share. This represents a dividend yield of 1.35%. The ex-dividend date was Friday, May 31st. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s payout ratio is 28.74%.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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