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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has earned an average recommendation of “Reduce” from the eleven brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $118.44.

A number of equities research analysts recently commented on EXPD shares. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $121.64 on Friday. The company has a 50-day moving average price of $121.71 and a 200-day moving average price of $121.89. The stock has a market capitalization of $17.03 billion, a P/E ratio of 23.71, a P/E/G ratio of 3.44 and a beta of 0.98. Expeditors International of Washington has a 1 year low of $111.20 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was up 37.0% on a year-over-year basis. As a group, equities research analysts anticipate that Expeditors International of Washington will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 28.46%.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently made changes to their positions in the company. Black Diamond Financial LLC increased its holdings in Expeditors International of Washington by 5.4% in the 2nd 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 increased its stake in shares of Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares during the period. Values First Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after buying an additional 112 shares in the last quarter. Finally, Lindenwold Advisors INC boosted its holdings in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after buying an additional 114 shares during the period. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

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.