Zacks Research Downgrades Expeditors International of Washington (NASDAQ:EXPD) to Hold

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird raised their price target on Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Barclays boosted their price objective on Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 29th. Stifel Nicolaus raised their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Bank of America boosted their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $191.76 on Monday. The company has a market capitalization of $24.93 billion, a PE ratio of 33.52, a P/E/G ratio of 5.00 and a beta of 1.07. The company’s fifty day moving average is $186.03 and its 200-day moving average is $167.74. Expeditors International of Washington has a 52 week low of $112.94 and a 52 week high of $195.32.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. On average, analysts forecast that Expeditors International of Washington will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds have recently bought and sold shares of the company. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $32,000. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $33,000. Continuum Advisory LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $33,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $53,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.