Expeditors International of Washington, Inc. (NASDAQ:EXPD)‘s stock had its “hold” rating restated by equities researchers at Stifel Nicolaus in a research report issued on Friday. They currently have a $52.00 price target on the transportation company’s stock, down from their prior price target of $54.00. Stifel Nicolaus’ target price points to a potential downside of 5.01% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Cowen and Company reiterated a “market perform” rating and set a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $55.80.

Expeditors International of Washington (NASDAQ:EXPD) remained flat at $54.74 during trading on Friday. 720,345 shares of the stock traded hands. The stock has a 50-day moving average of $57.55 and a 200 day moving average of $55.70. The stock has a market capitalization of $9.89 billion, a P/E ratio of 23.70 and a beta of 0.65. Expeditors International of Washington has a 12 month low of $47.23 and a 12 month high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. On average, equities analysts predict that Expeditors International of Washington will post $2.33 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of EXPD. TrimTabs Asset Management LLC increased its position in shares of Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares during the last quarter. Mosaic Family Wealth LLC increased its position in shares of Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Expeditors International of Washington by 22.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after buying an additional 471 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares during the last quarter. Finally, Creative Planning increased its position in shares of Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares during the last quarter. 94.09% of the stock is currently owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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