Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Rating of “Reduce” by Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have earned an average rating of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $108.63.

Several equities analysts recently weighed in on EXPD shares. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Bank of America started coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Finally, Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the 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 completion of the sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after buying an additional 273,388 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 2,686,745 shares of the transportation company’s stock worth $341,754,000 after purchasing an additional 25,580 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock worth $333,615,000 after purchasing an additional 115,978 shares during the last quarter. Northern Trust Corp increased its stake in shares of Expeditors International of Washington by 7.9% during the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after purchasing an additional 159,712 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock worth $220,524,000 after purchasing an additional 96,787 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $113.17 on Friday. The stock has a market capitalization of $16.06 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 8.47 and a beta of 0.99. The company’s 50-day moving average is $119.29 and its 200-day moving average is $120.62. Expeditors International of Washington has a 1 year low of $106.43 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly 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). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business posted $1.38 EPS. Expeditors International of Washington’s revenue was down 33.8% compared to the same quarter last year. On average, analysts anticipate that Expeditors International of Washington will post 4.75 earnings per share for the current fiscal year.

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.