Expeditors International of Washington (NASDAQ:EXPD)‘s stock had its “buy” rating reissued by stock analysts at Barclays in a note issued to investors on Tuesday. They currently have a $70.00 price objective on the transportation company’s stock. Barclays’ target price indicates a potential upside of 6.97% from the company’s current price.

A number of other research firms have also recently commented on EXPD. BidaskClub cut shares of Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Cowen raised their price target on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. UBS Group raised their price target on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. Credit Suisse Group raised their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a report on Wednesday, November 8th. Finally, Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.25.

Expeditors International of Washington (NASDAQ EXPD) traded down $0.61 during trading hours on Tuesday, reaching $65.44. 1,014,000 shares of the company’s stock were exchanged, compared to its average volume of 1,042,414. The firm has a market capitalization of $11,800.00, a PE ratio of 27.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.72. Expeditors International of Washington has a 1-year low of $51.57 and a 1-year high of $66.30.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. equities research analysts expect that Expeditors International of Washington will post 2.41 earnings per share for the current fiscal year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.78% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in EXPD. Canada Pension Plan Investment Board lifted its stake in shares of Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after buying an additional 1,900 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares in the last quarter. Merriman Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at about $208,000. Pacer Advisors Inc. lifted its position in shares of Expeditors International of Washington by 8.3% during the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 286 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at about $212,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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