Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Rating of “Reduce” by Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $134.10.

Several brokerages have recently weighed in on EXPD. Barclays lifted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. TD Cowen upped their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Finally, Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Compound Planning Inc. lifted its holdings in Expeditors International of Washington by 18.6% in the fourth quarter. Compound Planning Inc. now owns 2,331 shares of the transportation company’s stock valued at $347,000 after buying an additional 366 shares during the period. Corient Private Wealth LLC raised its position in shares of Expeditors International of Washington by 61.6% during the 4th quarter. Corient Private Wealth LLC now owns 53,385 shares of the transportation company’s stock valued at $7,868,000 after acquiring an additional 20,343 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $5,074,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Expeditors International of Washington by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,321 shares of the transportation company’s stock worth $4,369,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Front Street Capital Management Inc. grew its stake in shares of Expeditors International of Washington by 4.3% during the fourth quarter. Front Street Capital Management Inc. now owns 10,943 shares of the transportation company’s stock worth $1,631,000 after purchasing an additional 449 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 3.8%

EXPD opened at $156.42 on Monday. Expeditors International of Washington has a 12-month low of $100.47 and a 12-month high of $167.19. The stock’s 50 day moving average price is $156.18 and its two-hundred day moving average price is $137.86. The firm has a market capitalization of $20.96 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.