Expeditors International of Washington, Inc. (EXPD) – What Are Brokerages Saying About This Stock?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $175.27.

EXPD has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Truist Financial lifted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. TD Cowen upped their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane began coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price on the stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $193.43 on Tuesday. The firm’s fifty day moving average is $187.94 and its 200-day moving average is $169.12. Expeditors International of Washington has a 52 week low of $113.06 and a 52 week high of $195.73. The firm has a market cap of $25.14 billion, a P/E ratio of 33.82, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was up 32.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently added to or reduced their stakes in EXPD. BlackRock Inc. bought a new position in Expeditors International of Washington in the 2nd quarter valued at about $2,193,093,000. Caisse de depot et placement du Quebec acquired a new position in Expeditors International of Washington during the 2nd quarter valued at about $169,665,000. Legal & General Group Plc bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $125,395,000. Bank of New York Mellon Corp bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $108,099,000. Finally, Deutsche Bank AG bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $102,595,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.