Expeditors International of Washington (NASDAQ:EXPD - Free Report) had its price objective hoisted by TD Cowen from $106.00 to $108.00 in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has a sell rating on the transportation company's stock.
A number of other brokerages have also commented on EXPD. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and boosted their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $115.00.
View Our Latest Analysis on EXPD
Expeditors International of Washington Stock Performance
Shares of EXPD traded down $2.61 during mid-day trading on Wednesday, reaching $119.41. 3,120,079 shares of the company were exchanged, compared to its average volume of 1,221,328. The business has a 50 day simple moving average of $122.56 and a two-hundred day simple moving average of $121.29. The stock has a market capitalization of $16.85 billion, a PE ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.98. Expeditors International of Washington has a 52 week low of $107.03 and a 52 week high of $131.59.
Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm earned $1.16 earnings per share. Expeditors International of Washington's quarterly revenue was up 37.0% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington will post 5.04 EPS for the current year.
Expeditors International of Washington Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio is currently 31.33%.
Hedge Funds Weigh In On Expeditors International of Washington
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crewe Advisors LLC bought a new stake in Expeditors International of Washington during the 1st quarter worth approximately $25,000. Hara Capital LLC purchased a new position in Expeditors International of Washington during the third quarter worth about $26,000. Innealta Capital LLC bought a new position in Expeditors International of Washington in the 2nd quarter worth about $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $35,000. Finally, ORG Partners LLC boosted its position in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock valued at $51,000 after acquiring an additional 376 shares during the last quarter. Institutional investors own 94.02% of the company's stock.
About Expeditors International of Washington
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Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.
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