Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $153.7778.

A number of research firms have weighed in on EXPD. JPMorgan Chase & Co. boosted 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 report on Wednesday, May 6th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna increased their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, UBS Group raised their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds have recently made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Down 0.6%

NASDAQ:EXPD opened at $170.31 on Thursday. The stock has a market cap of $22.28 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock’s 50-day moving average is $166.28 and its 200-day moving average is $156.34. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $183.52.

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

Expeditors International of Washington Dividend Announcement

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