Todays Report: The Brokerages Set Expeditors International of Washington Inc. (NASDAQ:EXPD) PT at $50.30

The Brokerages Set Expeditors International of Washington Inc. (NASDAQ:EXPD) PT at $50.30

Expeditors International of Washington Inc. (NASDAQ:EXPD) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are covering the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $50.30.

EXPD has been the topic of a number of research analyst reports. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Tuesday, September 13th. Stifel Nicolaus raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Thursday, August 25th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $46.00 price target on shares of Expeditors International of Washington in a report on Wednesday, August 3rd. Finally, Wolfe Research downgraded Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Wednesday, August 3rd.

In other news, Director Michael J. Malone sold 26,646 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $51.00, for a total value of $1,358,946.00. Following the transaction, the director now owns 108,786 shares of the company’s stock, valued at $5,548,086. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Expeditors International of Washington by 0.4% in the first quarter. State Street Corp now owns 9,621,776 shares of the company’s stock valued at $469,639,000 after buying an additional 36,998 shares in the last quarter. Credit Agricole S A boosted its stake in Expeditors International of Washington by 12.0% in the first quarter. Credit Agricole S A now owns 247,098 shares of the company’s stock valued at $12,061,000 after buying an additional 26,547 shares in the last quarter. Aviva PLC boosted its stake in Expeditors International of Washington by 0.5% in the first quarter. Aviva PLC now owns 96,439 shares of the company’s stock valued at $4,707,000 after buying an additional 521 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in Expeditors International of Washington by 4.3% in the first quarter. Fiduciary Management Inc. WI now owns 10,531,324 shares of the company’s stock valued at $514,034,000 after buying an additional 438,366 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in Expeditors International of Washington by 2.7% in the first quarter. Burgundy Asset Management Ltd. now owns 60,354 shares of the company’s stock valued at $2,946,000 after buying an additional 1,604 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Expeditors International of Washington (NASDAQ:EXPD) opened at 51.53 on Friday. Expeditors International of Washington has a one year low of $40.41 and a one year high of $52.58. The stock’s 50 day moving average price is $51.09 and its 200 day moving average price is $49.61. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 21.54 and a beta of 0.78.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. Expeditors International of Washington had a return on equity of 25.10% and a net margin of 7.25%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. Equities analysts predict that Expeditors International of Washington will post $2.43 earnings per share for the current fiscal year.

Related posts

Leave a Comment