Stock analysts at Goldman Sachs Group, Inc. (The) started coverage on shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in a research note issued on Monday. The firm set a “neutral” rating and a $59.00 price target on the transportation company’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential downside of 0.66% from the stock’s current price.

Several other research firms have also recently commented on EXPD. Cowen and Company restated a “market perform” rating and issued a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research report on Wednesday, November 8th. Credit Suisse Group increased their price objective on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a report on Wednesday, November 8th. UBS AG increased their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Barclays PLC increased their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.38.

Expeditors International of Washington (EXPD) traded down $0.02 during midday trading on Monday, reaching $59.39. 1,238,300 shares of the company’s stock traded hands, compared to its average volume of 1,117,920. Expeditors International of Washington has a 1 year low of $50.48 and a 1 year high of $62.63. The company has a market cap of $10,557.32, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Expeditors International of Washington’s quarterly revenue was up 15.3% on a year-over-year basis. analysts anticipate that Expeditors International of Washington will post 2.39 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Expeditors International of Washington by 2.8% during the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after purchasing an additional 532,318 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Expeditors International of Washington by 24,524.1% during the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after purchasing an additional 4,767,490 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Expeditors International of Washington by 21.8% during the third quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after purchasing an additional 624,542 shares during the last quarter. APG Asset Management N.V. lifted its stake in Expeditors International of Washington by 115.2% during the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after purchasing an additional 766,900 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Expeditors International of Washington by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock valued at $78,231,000 after purchasing an additional 13,419 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

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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