Expeditors International of Washington (NASDAQ:EXPD)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They presently have a $68.00 price target on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 2.89% from the company’s previous close.

A number of other brokerages have also commented on EXPD. Credit Suisse Group upped their target price on Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a research report on Tuesday. Barclays restated a “buy” rating and issued a $70.00 price objective on shares of Expeditors International of Washington in a research report on Tuesday, January 9th. BidaskClub lowered Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Cowen upped their price objective on Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. Finally, UBS Group upped their price objective on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.13.

Shares of Expeditors International of Washington (EXPD) traded up $0.02 during midday trading on Thursday, reaching $66.09. The company had a trading volume of 680,789 shares, compared to its average volume of 978,675. The stock has a market capitalization of $11,740.00, a price-to-earnings ratio of 27.77, a P/E/G ratio of 3.08 and a beta of 0.72. Expeditors International of Washington has a 52-week low of $51.57 and a 52-week high of $66.83.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. Expeditors International of Washington’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. equities analysts anticipate that Expeditors International of Washington will post 2.41 EPS for the current year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.78% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Group LTD raised its stake in shares of Expeditors International of Washington by 4.8% during the 3rd quarter. BlackRock Group LTD now owns 1,646,956 shares of the transportation company’s stock worth $84,852,000 after buying an additional 75,504 shares during the period. American Century Companies Inc. raised its stake in shares of Expeditors International of Washington by 8.3% during the 4th quarter. American Century Companies Inc. now owns 9,820 shares of the transportation company’s stock worth $443,000 after buying an additional 755 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Expeditors International of Washington by 6.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 540,552 shares of the transportation company’s stock worth $26,509,000 after buying an additional 32,655 shares during the period. BRC Investment Management LLC raised its stake in shares of Expeditors International of Washington by 1.7% during the 4th quarter. BRC Investment Management LLC now owns 456,680 shares of the transportation company’s stock worth $20,596,000 after buying an additional 7,561 shares during the period. Finally, Cape ANN Savings Bank raised its stake in shares of Expeditors International of Washington by 3.0% during the 4th quarter. Cape ANN Savings Bank now owns 10,170 shares of the transportation company’s stock worth $459,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 93.65% of the company’s stock.

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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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