Expeditors International of Washington (EXPD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Expeditors International of Washington (NASDAQ:EXPD) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $62.43.

EXPD has been the topic of a number of research reports. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Friday, January 19th. BidaskClub cut shares of Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. UBS Group increased their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective on the stock. Finally, Credit Suisse Group increased their price objective on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the stock an “underperform” rating in a report on Tuesday, January 16th.

Shares of Expeditors International of Washington (EXPD) opened at $62.37 on Tuesday. The firm has a market cap of $10,772.34, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. Expeditors International of Washington has a twelve month low of $51.96 and a twelve month high of $67.54.

In related news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction dated 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 SEC, which is available at the SEC website. 0.78% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. APG Asset Management N.V. increased its stake in Expeditors International of Washington by 115.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after buying an additional 766,900 shares during the period. Commonwealth Bank of Australia increased its stake in Expeditors International of Washington by 21.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after buying an additional 624,542 shares during the period. Parnassus Investments CA increased its stake in Expeditors International of Washington by 41.7% during the 4th quarter. Parnassus Investments CA now owns 1,252,590 shares of the transportation company’s stock valued at $81,030,000 after buying an additional 368,590 shares during the period. Neuberger Berman Group LLC increased its stake in Expeditors International of Washington by 1,326.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 334,400 shares of the transportation company’s stock valued at $20,017,000 after buying an additional 310,958 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Expeditors International of Washington by 144.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 497,083 shares of the transportation company’s stock valued at $29,642,000 after buying an additional 293,338 shares during the period. 93.26% of the stock is currently owned by institutional investors and hedge funds.

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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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