Shares of Expeditors International of Washington (NASDAQ:EXPD) have earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $62.43.

A number of brokerages have commented on EXPD. Credit Suisse Group raised their price target on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the stock an “underperform” rating in a research note on Tuesday. Stifel Nicolaus restated a “hold” rating and set a $68.00 price target on shares of Expeditors International of Washington in a research note on Thursday. Barclays restated a “buy” rating and set a $70.00 price target on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. BidaskClub cut shares of Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Finally, Cowen raised their price target on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th.

In other news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

Several large investors have recently bought and sold shares of EXPD. Vanguard Group Inc. raised its position in Expeditors International of Washington by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after purchasing an additional 532,318 shares during the last quarter. Janus Henderson Group PLC raised its position in Expeditors International of Washington by 24,524.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after purchasing an additional 4,767,490 shares during the last quarter. Commonwealth Bank of Australia raised its position in Expeditors International of Washington by 21.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after purchasing an additional 624,542 shares during the last quarter. APG Asset Management N.V. raised its position in Expeditors International of Washington by 115.2% in the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after purchasing an additional 766,900 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Expeditors International of Washington by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,318,071 shares of the transportation company’s stock worth $74,445,000 after purchasing an additional 158,664 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.

Expeditors International of Washington (EXPD) opened at $66.09 on Friday. The company has a market cap of $11,740.82, a PE ratio of 27.65, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.83.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. equities analysts forecast that Expeditors International of Washington will post 2.41 earnings per share 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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