Expeditors International of Washington (NASDAQ:EXPD) Upgraded to “Hold” at Wolfe Research

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by research analysts at Wolfe Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Barclays upped their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $166.00 in a report on Monday, November 17th. Finally, Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Stock Performance

EXPD stock opened at $145.25 on Monday. The firm has a market cap of $19.39 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $167.19. The stock has a 50-day simple moving average of $154.83 and a 200-day simple moving average of $139.86.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. On average, equities research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently made changes to their positions in EXPD. Corient Private Wealth LLC boosted its stake in shares of Expeditors International of Washington by 61.8% during the 4th quarter. Corient Private Wealth LLC now owns 53,455 shares of the transportation company’s stock valued at $7,967,000 after buying an additional 20,413 shares during the last quarter. Auto Owners Insurance Co increased its stake in shares of Expeditors International of Washington by 14,801.0% in the fourth quarter. Auto Owners Insurance Co now owns 610,196 shares of the transportation company’s stock worth $9,092,000 after buying an additional 606,101 shares during the last quarter. Pure Financial Advisors LLC increased its stake in shares of Expeditors International of Washington by 5.7% in the fourth quarter. Pure Financial Advisors LLC now owns 3,474 shares of the transportation company’s stock worth $518,000 after buying an additional 188 shares during the last quarter. Midway Capital Research & Management acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $2,432,000. Finally, MidFirst Bank acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $149,000. 94.02% of the stock is currently owned by hedge funds and other 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.