Expeditors International of Washington (NASDAQ:EXPD)‘s stock had its “market perform” rating reiterated by analysts at Cowen and Company in a research note issued to investors on Thursday. They currently have a $54.00 price target on the transportation company’s stock, down from their previous price target of $55.00. Cowen and Company’s target price suggests a potential downside of 2.91% from the company’s current price.

Other analysts have also issued research reports about the company. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, Vertical Research reissued a “hold” rating and set a $63.00 price objective on shares of Expeditors International of Washington in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.60.

Shares of Expeditors International of Washington (NASDAQ:EXPD) opened at 55.62 on Thursday. Expeditors International of Washington has a 12-month low of $47.23 and a 12-month high of $59.90. The stock has a market cap of $10.02 billion, a PE ratio of 23.77 and a beta of 0.65. The firm has a 50-day moving average price of $57.51 and a 200 day moving average price of $55.62.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.25% and a net margin of 6.50%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Equities research analysts predict that Expeditors International of Washington will post $2.34 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its position in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock valued at $117,000 after buying an additional 976 shares during the period. Mosaic Family Wealth LLC increased its position in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock valued at $138,000 after buying an additional 49 shares during the period. Van ECK Associates Corp increased its position in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after buying an additional 193 shares during the period. Creative Planning increased its position in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock valued at $168,000 after buying an additional 393 shares during the period. Finally, Pacer Advisors Inc. increased its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares during the period. 94.09% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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