Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $175.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target boosted by Barclays from $165.00 to $175.00 in a report published on Wednesday,Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

Several other equities analysts also recently commented on EXPD. TD Cowen upped their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp started coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a research note on Monday, October 5th. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $181.27.

Expeditors International of Washington Stock Performance

EXPD stock traded down $4.46 during mid-day trading on Wednesday, hitting $184.41. The company had a trading volume of 1,689,643 shares, compared to its average volume of 1,278,210. The firm has a market cap of $23.97 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. Expeditors International of Washington has a 12 month low of $129.59 and a 12 month high of $207.93. The stock’s fifty day moving average price is $192.30 and its two-hundred day moving average price is $167.88.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.64 earnings per share. The firm’s revenue was up 41.9% compared to the same quarter last year. Equities analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a yield of 79.0%. Expeditors International of Washington’s payout ratio is presently 20.56%.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth $27,000. Latitude Advisors LLC purchased a new position in shares of Expeditors International of Washington in the third quarter valued at $27,000. Fortitude Family Office LLC raised its stake in shares of Expeditors International of Washington by 76.0% during the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $33,000. Finally, Continuum Advisory LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile