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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received a consensus recommendation of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $108.75.

EXPD has been the subject of several research reports. BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a report on Tuesday, January 9th. Bank of America assumed coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $121.57 on Monday. The stock’s 50-day moving average is $122.79 and its 200-day moving average is $120.40. The company has a market cap of $17.25 billion, a P/E ratio of 24.31, a P/E/G ratio of 9.03 and a beta of 0.99. Expeditors International of Washington has a 52-week low of $104.68 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.12). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. Expeditors International of Washington’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, equities analysts predict that Expeditors International of Washington will post 4.71 EPS for the current year.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC lifted its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after buying an additional 80 shares during the period. IMPACTfolio LLC lifted its holdings in shares of Expeditors International of Washington by 4.4% during the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 82 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Expeditors International of Washington by 3.6% in the 2nd quarter. Bleakley Financial Group LLC now owns 2,492 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 87 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 53.8% in the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after purchasing an additional 92 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in shares of Expeditors International of Washington by 1.7% in the 4th quarter. Verition Fund Management LLC now owns 5,647 shares of the transportation company’s stock worth $718,000 after purchasing an additional 92 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

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.