Wolfe Research Upgrades Expeditors International of Washington (NASDAQ:EXPD) to Hold

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by equities researchers at Wolfe Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also weighed in on EXPD. Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Susquehanna lowered their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price target for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley lifted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Trading Down 1.1%

Expeditors International of Washington stock opened at $145.25 on Monday. The firm has a market capitalization of $19.39 billion, a P/E ratio of 25.39, a PEG ratio of 5.00 and a beta of 1.15. The stock has a fifty day moving average price of $154.83 and a 200 day moving average price of $139.86. Expeditors International of Washington has a 52 week low of $100.47 and a 52 week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. As a group, equities analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently modified their holdings of EXPD. Corient Private Wealth LLC grew its holdings in shares of Expeditors International of Washington by 61.8% during the 4th quarter. Corient Private Wealth LLC now owns 53,455 shares of the transportation company’s stock worth $7,967,000 after purchasing an additional 20,413 shares during the period. Auto Owners Insurance Co raised its holdings in Expeditors International of Washington by 14,801.0% in the fourth quarter. Auto Owners Insurance Co now owns 610,196 shares of the transportation company’s stock valued at $9,092,000 after buying an additional 606,101 shares during the period. Pure Financial Advisors LLC lifted its position in Expeditors International of Washington by 5.7% during the fourth quarter. Pure Financial Advisors LLC now owns 3,474 shares of the transportation company’s stock valued at $518,000 after buying an additional 188 shares in the last quarter. Midway Capital Research & Management purchased a new stake in Expeditors International of Washington during the fourth quarter worth approximately $2,432,000. Finally, MidFirst Bank acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $149,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.