Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Rating of "Reduce" from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have earned a consensus rating of "Reduce" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $115.33.

EXPD has been the topic of a number of recent research reports. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen cut Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a research note on Monday, July 22nd. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Finally, UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently modified their holdings of EXPD. Black Diamond Financial LLC grew its stake in shares of Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company's stock worth $218,000 after acquiring an additional 89 shares during the last quarter. Blair William & Co. IL boosted its holdings in Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock worth $970,000 after buying an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company's stock worth $730,000 after purchasing an additional 104 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Expeditors International of Washington by 0.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company's stock valued at $2,775,000 after acquiring an additional 106 shares in the last quarter. Finally, Values First Advisors Inc. boosted its position in shares of Expeditors International of Washington by 0.7% during the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company's stock worth $2,069,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded up $1.52 during midday trading on Tuesday, hitting $121.91. The company's stock had a trading volume of 2,008,583 shares, compared to its average volume of 1,212,454. Expeditors International of Washington has a 12-month low of $107.03 and a 12-month high of $131.59. The company has a market cap of $17.21 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. The business's 50 day simple moving average is $122.57 and its 200 day simple moving average is $121.24.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. On average, sell-side analysts predict that Expeditors International of Washington will post 5.04 earnings per share for the current fiscal year.

Expeditors International of Washington Company Profile

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.