Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $153.78 Consensus Price Target from Brokerages

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $153.7778.

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Barclays lifted their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Truist Financial boosted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Finally, Bank of America upped their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its position in Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after buying an additional 71 shares during the last quarter. Rossby Financial LCC boosted its stake in shares of Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after acquiring an additional 80 shares in the last quarter. Claro Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after acquiring an additional 83 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Expeditors International of Washington by 1.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the last quarter. Finally, Hardy Reed LLC raised its position in shares of Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $171.09 on Thursday. The business’s 50-day simple moving average is $165.76 and its 200 day simple moving average is $156.15. Expeditors International of Washington has a one year low of $110.48 and a one year high of $183.52. The stock has a market cap of $22.38 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS 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 quarter in the prior year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

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.