Expeditors International of Washington, Inc. (NASDAQ:EXPD)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Cowen and Company in a research note issued to investors on Wednesday. They currently have a $58.00 price target on the transportation company’s stock, up from their prior price target of $54.00. Cowen and Company’s price target suggests a potential downside of 6.51% from the company’s current price.

The analysts wrote, “We are maintaining our Perform rating on TRIP shares following a mixed 3Q, with EBITDA 16% above Opco on non-television advertising leverage. However, global OTAs’ measured approach toward meta-channels is causing management to reduce its click-based transaction (CBT) revenue outlook on softer auction pricing, despite improving mobile monetization and higher television advertising. Revenue-per-hotel- shopper (RPHS), -11% y/y from lower CPC bids, and guidance implies increased deceleration despite better mobile engagement. We view leaning heavily into TV as correct strategy to leverage new hotel shopper experience and cross-sell leading traffic. However, difficulty trying to pinpoint earnings inflecting back to sustainable growth keeps us on the sidelines. We would get more constructive if RPHS re- accelerates or more travel suppliers gain share in TRIP’s meta auction.””

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Barclays PLC raised their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.80.

Expeditors International of Washington (NASDAQ EXPD) opened at $62.04 on Wednesday. Expeditors International of Washington has a 1 year low of $47.23 and a 1 year high of $62.63. The stock has a market capitalization of $10,390.63, a PE ratio of 24.78, a PEG ratio of 3.08 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Monday, November 6th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. equities analysts forecast that Expeditors International of Washington will post 2.33 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after acquiring an additional 532,318 shares during the period. Janus Henderson Group PLC grew its stake in Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after acquiring an additional 4,767,490 shares during the period. Commonwealth Bank of Australia grew its stake in Expeditors International of Washington by 2.3% in the second quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock valued at $161,824,000 after acquiring an additional 65,353 shares during the period. APG Asset Management N.V. grew its stake in Expeditors International of Washington by 115.2% in the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after acquiring an additional 766,900 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Expeditors International of Washington by 1.0% in the second quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock valued at $78,231,000 after acquiring an additional 13,419 shares during the period. 93.80% of the stock is owned by hedge funds and other 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.

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

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