Stifel Nicolaus Issues Positive Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its target price increased by Stifel Nicolaus from $154.00 to $158.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Several other brokerages also recently weighed in on EXPD. UBS Group raised their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $148.56.

Expeditors International of Washington Stock Down 0.3%

Shares of EXPD opened at $177.63 on Wednesday. Expeditors International of Washington has a twelve month low of $110.48 and a twelve month high of $179.45. The company has a 50 day moving average of $162.15 and a two-hundred day moving average of $154.70. The company has a market cap of $23.23 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the business posted $1.47 earnings per share. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently modified their holdings of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after purchasing an additional 1,661,457 shares during the period. Southpoint Capital Advisors LP purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $201,164,000. Norges Bank acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $180,719,000. Balyasny Asset Management L.P. acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $113,194,000. Finally, Wellington Management Group LLP boosted its holdings in Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.