Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $140.4444.

Several brokerages have recently issued reports on EXPD. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Barclays raised their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Susquehanna upped their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, UBS Group lifted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th.

Expeditors International of Washington Stock Up 0.4%

Shares of Expeditors International of Washington stock opened at $167.43 on Friday. Expeditors International of Washington has a twelve month low of $110.48 and a twelve month high of $168.52. The business has a 50-day moving average price of $158.27 and a 200-day moving average price of $153.48. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. On average, equities analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 71 shares during the last quarter. RIA Advisory Group LLC lifted its holdings in shares of Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after purchasing an additional 78 shares during the period. Rossby Financial LCC lifted its holdings in Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after buying an additional 80 shares during the period. Claro Advisors Inc. boosted its holdings in Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 83 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after buying an additional 95 shares during the period. 94.02% of the stock is owned by institutional investors.

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.