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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned a consensus rating of “Reduce” from the twelve analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $134.30.

A number of brokerages have weighed in on EXPD. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Susquehanna dropped their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Barclays raised their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP increased its position in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares during the last quarter. Focus Partners Wealth raised its stake in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in Expeditors International of Washington by 1.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,435 shares of the transportation company’s stock worth $2,335,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.5%

NASDAQ:EXPD opened at $142.53 on Friday. The stock has a 50 day moving average of $151.34 and a two-hundred day moving average of $141.59. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $167.19. The firm has a market cap of $18.95 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. 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 prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

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.