Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $57.00.

A number of research firms have commented on EXPD. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Cowen and Company reissued a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Barclays PLC boosted their price objective on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.

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Hedge funds have recently added to or reduced their stakes in the company. Forsta AP Fonden raised its position in shares of Expeditors International of Washington by 20.3% during the second quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock worth $10,411,000 after acquiring an additional 31,100 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Expeditors International of Washington by 210.4% during the second quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock worth $1,324,000 after acquiring an additional 15,891 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Expeditors International of Washington by 8.5% in the second quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock valued at $1,718,000 after purchasing an additional 2,391 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Expeditors International of Washington in the first quarter valued at about $1,937,000. Finally, Summit Global Investments bought a new stake in Expeditors International of Washington in the second quarter valued at about $652,000. Institutional investors own 93.48% of the company’s stock.

Shares of Expeditors International of Washington (NASDAQ EXPD) traded up 0.309% on Wednesday, hitting $60.145. The stock had a trading volume of 75,041 shares. The firm has a 50 day moving average price of $57.67 and a 200-day moving average price of $56.35. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 32.163 and a beta of 0.68. Expeditors International of Washington has a 52 week low of $47.23 and a 52 week high of $60.50.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Analysts anticipate that Expeditors International of Washington will post $2.31 EPS for the current year.

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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