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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average recommendation of “Reduce” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $134.30.

A number of equities research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Barclays lifted their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Susquehanna cut their price objective on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th.

Expeditors International of Washington Trading Up 1.7%

EXPD stock opened at $147.10 on Friday. The stock has a 50-day moving average price of $153.18 and a two-hundred day moving average price of $140.82. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $167.19. The stock has a market cap of $19.64 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS. On average, analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC grew its stake in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $32,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.