Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $54.40.

Several research analysts have issued reports on EXPD shares. Vertical Research reaffirmed a “hold” rating and issued a $63.00 price target on shares of Expeditors International of Washington in a report on Thursday, April 13th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th.

Several institutional investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC boosted its position in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock valued at $117,000 after buying an additional 976 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock valued at $138,000 after buying an additional 49 shares in the last quarter. Van ECK Associates Corp boosted its position in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after buying an additional 193 shares in the last quarter. Creative Planning boosted its position in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock valued at $168,000 after buying an additional 393 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 94.25% of the company’s stock.

Expeditors International of Washington (EXPD) traded up 0.95% during trading on Friday, reaching $59.20. The company had a trading volume of 149,271 shares. The company has a 50-day moving average of $56.94 and a 200-day moving average of $55.38. Expeditors International of Washington has a 52-week low of $47.23 and a 52-week high of $59.90. The firm has a market capitalization of $10.67 billion, a P/E ratio of 25.30 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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. Expeditors International of Washington had a return on equity of 23.01% and a net margin of 6.87%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned $0.53 EPS. Expeditors International of Washington’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Expeditors International of Washington will post $2.36 EPS for the current fiscal year.

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Expeditors International of Washington Company Profile

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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