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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given an average rating of “Reduce” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $137.30.

Several equities analysts recently weighed in on EXPD shares. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Truist Financial dropped their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Finally, UBS Group raised their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $156.63 on Friday. Expeditors International of Washington has a 1-year low of $108.40 and a 1-year high of $167.19. The company has a market capitalization of $20.83 billion, a P/E ratio of 27.38, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50 day moving average price of $145.55 and a 200 day moving average price of $146.95.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the prior year, the company posted $1.47 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 106.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

Hedge Funds Weigh In On Expeditors International of Washington

Hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington during the fourth quarter worth $32,000. Finally, Community Bank N.A. purchased a new position in Expeditors International of Washington during the third quarter worth $34,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.