Shares of Expeditors International of Washington (NASDAQ:EXPD) have been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $66.89.

A number of brokerages recently weighed in on EXPD. Deutsche Bank began coverage on shares of Expeditors International of Washington in a research note on Tuesday, September 4th. They set a “hold” rating and a $71.00 price target for the company. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Stifel Nicolaus set a $73.00 price target on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Credit Suisse Group decreased their price target on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research note on Wednesday, August 8th. Finally, BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th.

Hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $113,000. Meeder Asset Management Inc. acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $116,000. Fort L.P. acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $118,000. Parallel Advisors LLC lifted its stake in shares of Expeditors International of Washington by 70.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after acquiring an additional 966 shares during the period. Finally, Merriman Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $205,000. Institutional investors own 92.75% of the company’s stock.

Shares of NASDAQ:EXPD opened at $73.11 on Thursday. The firm has a market cap of $12.58 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.69. Expeditors International of Washington has a 1-year low of $56.44 and a 1-year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. analysts forecast that Expeditors International of Washington will post 3.15 earnings per share for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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