Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $80.00

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Expeditors International of Washington (NASDAQ:EXPD) had its price target increased by Robert W. Baird from $78.00 to $80.00 in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. Robert W. Baird currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also issued reports on EXPD. UBS Group upped their target price on Expeditors International of Washington from $66.00 to $68.00 and gave the company a sell rating in a research report on Wednesday. Morgan Stanley raised their price target on Expeditors International of Washington from $61.00 to $62.00 and gave the stock an equal weight rating in a report on Monday, January 6th. Cowen boosted their price target on Expeditors International of Washington from $75.00 to $77.00 and gave the stock a market perform rating in a research note on Wednesday. BidaskClub upgraded shares of Expeditors International of Washington from a strong sell rating to a sell rating in a report on Friday, January 17th. Finally, Credit Suisse Group decreased their price objective on shares of Expeditors International of Washington from $70.00 to $68.00 and set an underperform rating for the company in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Expeditors International of Washington has a consensus rating of Hold and a consensus price target of $73.40.

NASDAQ EXPD opened at $75.41 on Wednesday. The firm’s fifty day simple moving average is $75.14 and its two-hundred day simple moving average is $74.30. The firm has a market capitalization of $12.85 billion, a P/E ratio of 22.13 and a beta of 0.94. The company has a current ratio of 2.37, a quick ratio of 2.34 and a debt-to-equity ratio of 0.15. Expeditors International of Washington has a 12-month low of $67.97 and a 12-month high of $81.64.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, February 18th. The transportation company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Expeditors International of Washington had a net margin of 7.23% and a return on equity of 27.53%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. As a group, sell-side analysts predict that Expeditors International of Washington will post 3.53 earnings per share for the current fiscal year.

In other news, CFO Bradley S. Powell sold 17,364 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $76.15, for a total value of $1,322,268.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard H. Rostan sold 3,661 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.93, for a total value of $274,318.73. Following the completion of the transaction, the insider now directly owns 63,790 shares in the company, valued at $4,779,784.70. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Expeditors International of Washington by 0.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 251,738 shares of the transportation company’s stock valued at $19,107,000 after acquiring an additional 1,141 shares during the last quarter. BlackRock Inc. increased its stake in shares of Expeditors International of Washington by 3.7% in the second quarter. BlackRock Inc. now owns 15,364,822 shares of the transportation company’s stock worth $1,165,576,000 after acquiring an additional 546,889 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Expeditors International of Washington by 146.8% during the third quarter. Meeder Asset Management Inc. now owns 839 shares of the transportation company’s stock worth $63,000 after purchasing an additional 499 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Expeditors International of Washington by 82.1% during the third quarter. Nisa Investment Advisors LLC now owns 47,221 shares of the transportation company’s stock worth $3,508,000 after purchasing an additional 21,294 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Expeditors International of Washington by 4.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,862 shares of the transportation company’s stock valued at $2,293,000 after purchasing an additional 1,178 shares during the period. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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