Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given an average rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $55.50.

EXPD has been the subject of several recent research reports. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company reiterated a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC increased its position in shares of Expeditors International of Washington by 89.1% in the 1st 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 increased its position in shares of Expeditors International of Washington by 3.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after buying an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Expeditors International of Washington by 7.0% in the 1st 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. Finally, Pacer Advisors Inc. increased its position in shares of Expeditors International of Washington by 3.0% in the 1st 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 93.64% of the company’s stock.

Expeditors International of Washington (NASDAQ EXPD) traded down 0.25% during midday trading on Friday, hitting $56.90. The stock had a trading volume of 1,322,338 shares. The company has a market cap of $10.28 billion, a P/E ratio of 24.63 and a beta of 0.66. The stock’s 50-day moving average is $56.55 and its 200-day moving average is $56.01. Expeditors International of Washington has a one year low of $47.23 and a one year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts predict that Expeditors International of Washington will post $2.32 EPS for the current fiscal year.

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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.

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

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