Expeditors International of Washington, Inc. (NASDAQ:EXPD)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a research note issued to investors on Tuesday, StockTargetPrices.com reports.

Other equities research analysts have also recently issued reports about the company. Vertical Research reissued a “hold” rating and issued a $63.00 target price on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Wells Fargo & Company initiated coverage on Expeditors International of Washington in a research note on Monday, March 13th. They issued a “market perform” rating for the company. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $57.20.

Shares of Expeditors International of Washington (NASDAQ EXPD) opened at 57.49 on Tuesday. Expeditors International of Washington has a one year low of $47.23 and a one year high of $57.74. The stock has a 50 day moving average price of $54.53 and a 200 day moving average price of $54.85. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 24.57 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that Expeditors International of Washington will post $2.35 EPS for the current year.

The business also recently disclosed a semiannual dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, May 30th. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.40. This represents a dividend yield of 1.54%. Expeditors International of Washington’s payout ratio is 35.74%.

TRADEMARK VIOLATION WARNING: “Morgan Stanley Reiterates Equal Weight Rating for Expeditors International of Washington, Inc. (EXPD)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/11/morgan-stanley-reaffirms-equal-weight-rating-for-expeditors-international-of-washington-inc-expd.html.

Large investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Expeditors International of Washington by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,274 shares of the transportation company’s stock worth $8,772,000 after buying an additional 4,552 shares during the period. Northwest Investment Counselors LLC boosted its stake in shares of Expeditors International of Washington by 1.4% in the first quarter. Northwest Investment Counselors LLC now owns 10,596 shares of the transportation company’s stock worth $599,000 after buying an additional 148 shares during the period. Prudential Financial Inc. boosted its stake in shares of Expeditors International of Washington by 18.7% in the first quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock worth $17,669,000 after buying an additional 49,240 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Expeditors International of Washington by 3.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 544,049 shares of the transportation company’s stock worth $30,733,000 after buying an additional 20,558 shares during the period. Finally, Sheets Smith Wealth Management boosted its stake in shares of Expeditors International of Washington by 39.0% in the first quarter. Sheets Smith Wealth Management now owns 39,200 shares of the transportation company’s stock worth $2,214,000 after buying an additional 11,000 shares during the period. 94.09% of the stock is owned by institutional investors and hedge funds.

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.

Stock Target Prices

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

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.