Goldman Sachs Group, Inc. (The) began coverage on shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in a research note published on Monday morning. The brokerage issued a neutral rating and a $59.00 target price on the transportation company’s stock.

EXPD has been the topic of a number of other reports. Stifel Nicolaus reissued a hold rating and issued a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Barclays PLC boosted their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an overweight rating in a report on Monday, October 2nd. Credit Suisse Group AG boosted their price target on Expeditors International of Washington from $51.00 to $56.00 and gave the stock an underperform rating in a report on Wednesday, November 8th. Cowen and Company reissued a market perform rating and issued a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Finally, Zacks Investment Research raised Expeditors International of Washington from a hold rating to a buy rating and set a $68.00 price target on the stock in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Expeditors International of Washington has an average rating of Hold and a consensus price target of $59.38.

Expeditors International of Washington (NASDAQ:EXPD) traded down $0.44 during mid-day trading on Monday, hitting $59.41. The stock had a trading volume of 1,113,200 shares, compared to its average volume of 1,117,370. Expeditors International of Washington has a 12-month low of $50.45 and a 12-month high of $62.63. The stock has a market cap of $10,560.00, a PE ratio of 25.04, a P/E/G ratio of 3.13 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. equities analysts predict that Expeditors International of Washington will post 2.39 earnings per share for the current year.

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The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 30th. Expeditors International of Washington’s payout ratio is 35.29%.

A number of large investors have recently added to or reduced their stakes in EXPD. Canada Pension Plan Investment Board increased its stake in Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in Expeditors International of Washington by 3.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after acquiring an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after acquiring an additional 471 shares during the last quarter. Merriman Wealth Management LLC bought a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $208,000. Finally, Pacer Advisors Inc. increased its stake in Expeditors International of Washington by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock worth $212,000 after acquiring an additional 286 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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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