Shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) have received an average rating of “Hold” from the thirteen research firms that are currently covering the company. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.13.

EXPD has been the subject of a number of research analyst reports. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $46.00 price target on shares of Expeditors International of Washington in a research report on Wednesday, August 3rd. Stifel Nicolaus lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday, September 13th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Expeditors International of Washington in a research report on Wednesday, November 9th.

Shares of Expeditors International of Washington (NASDAQ:EXPD) opened at 50.66 on Friday. Expeditors International of Washington has a 12 month low of $40.41 and a 12 month high of $52.58. The company has a 50-day moving average price of $50.91 and a 200-day moving average price of $49.99. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 21.46 and a beta of 0.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 8th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.06. Expeditors International of Washington had a net margin of 7.18% and a return on equity of 24.45%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington will post $2.36 EPS for the current fiscal year.

In other Expeditors International of Washington news, Director Michael J. Malone sold 26,646 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $51.00, for a total transaction of $1,358,946.00. Following the transaction, the director now owns 108,786 shares of the company’s stock, valued at $5,548,086. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC raised its position in Expeditors International of Washington by 11.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,450 shares of the company’s stock valued at $120,000 after buying an additional 259 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in Expeditors International of Washington by 61.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,537 shares of the company’s stock valued at $124,000 after buying an additional 970 shares during the period. Creative Planning raised its position in Expeditors International of Washington by 10.2% in the second quarter. Creative Planning now owns 2,607 shares of the company’s stock valued at $128,000 after buying an additional 241 shares during the period. MSI Financial Services Inc raised its position in Expeditors International of Washington by 0.6% in the third quarter. MSI Financial Services Inc now owns 2,820 shares of the company’s stock valued at $145,000 after buying an additional 18 shares during the period. Finally, Global X Management Co. LLC raised its position in Expeditors International of Washington by 99.3% in the second quarter. Global X Management Co. LLC now owns 3,187 shares of the company’s stock valued at $156,000 after buying an additional 1,588 shares during the period. 92.12% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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