Expeditors International of Washington Upgraded to Positive by Susquehanna (EXPD)
Expeditors International of Washington (NASDAQ:EXPD) was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Expeditors International of Washington (NASDAQ:EXPD) opened at 45.93 on Friday. Expeditors International of Washington has a 52 week low of $36.45 and a 52 week high of $46.90. The stock has a 50-day moving average of $40.79 and a 200-day moving average of $41.84. The company has a market cap of $9.065 billion and a P/E ratio of 26.12.
Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington will post $1.88 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a dividend yield of 1.46%. The ex-dividend date is Thursday, May 29th. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.30.
In other Expeditors International of Washington news, Insider Robert Villanueva unloaded 31,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $43.26, for a total transaction of $1,341,060.00. Following the completion of the transaction, the insider now directly owns 4,645 shares of the company’s stock, valued at approximately $200,943. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on EXPD. Analysts at Goldman Sachs raised their price target on shares of Expeditors International of Washington from $43.00 to $44.00 in a research note on Friday, May 9th. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Expeditors International of Washington in a research note on Thursday, May 8th. They now have a $45.00 price target on the stock, up previously from $44.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Tuesday, April 29th. They now have a $43.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Expeditors International of Washington presently has a consensus rating of “Buy” and a consensus price target of $45.20.
Expeditors International of Washington, Inc is engaged in the business of providing global logistics services.
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