Stifel Nicolaus reaffirmed their hold rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report report published on Thursday. The brokerage currently has a $68.00 price objective on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on the company. Credit Suisse Group increased their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the stock an underperform rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded Expeditors International of Washington from a hold rating to a buy rating and set a $68.00 price target on the stock in a research report on Thursday, November 9th. Goldman Sachs Group began coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a neutral rating and a $59.00 price target on the stock. UBS Group increased their price target on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a sell rating in a research report on Wednesday, November 8th. Finally, Cowen restated a market perform rating and set a $58.00 price target (up from $54.00) on shares of Expeditors International of Washington in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $63.88.

Shares of Expeditors International of Washington (EXPD) traded up $0.31 on Thursday, hitting $66.40. The stock had a trading volume of 916,997 shares, compared to its average volume of 727,337. Expeditors International of Washington has a fifty-two week low of $51.57 and a fifty-two week high of $66.83. The firm has a market cap of $11,744.38, a PE ratio of 27.78, a PEG ratio of 3.11 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm posted $0.59 EPS. Expeditors International of Washington’s quarterly revenue was up 15.3% compared to the same quarter last year. equities analysts expect that Expeditors International of Washington will post 2.41 EPS for the current year.

In related news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its position in Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after buying an additional 1,900 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares during the last quarter. Merriman Wealth Management LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at $208,000. Virtu Financial LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at $212,000. Finally, Sigma Planning Corp bought a new position in Expeditors International of Washington in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

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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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