Expeditors International of Washington (NASDAQ:EXPD) has been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $63.88.

EXPD has been the subject of several research analyst reports. Credit Suisse Group raised their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, November 9th. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 target price for the company. UBS Group raised their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. Finally, Cowen reaffirmed a “market perform” rating and set a $58.00 target price (up from $54.00) on shares of Expeditors International of Washington in a research report on Wednesday, November 8th.

Expeditors International of Washington (EXPD) traded up $0.04 during midday trading on Friday, reaching $66.44. The company had a trading volume of 501,716 shares, compared to its average volume of 938,996. The stock has a market cap of $11,810.00, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.06 and a beta of 0.72. Expeditors International of Washington has a twelve month low of $51.57 and a twelve month high of $66.83.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $0.59 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. sell-side analysts expect that Expeditors International of Washington will post 2.41 EPS for the current fiscal year.

In other news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.

Several hedge funds have recently bought and sold shares of EXPD. Canada Pension Plan Investment Board grew its stake in shares of Expeditors International of Washington by 10,555.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Expeditors International of Washington by 22.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after acquiring an additional 471 shares during the period. Merriman Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth $208,000. Virtu Financial LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth $212,000. Finally, Sigma Planning Corp bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth $216,000. Institutional investors own 93.56% of the company’s stock.

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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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