Expeditors International of Washington (NASDAQ:EXPD) Lowered to Sell at TD Cowen

TD Cowen downgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a sell rating in a research note issued to investors on Monday morning, MarketBeat reports. They currently have $106.00 target price on the transportation company’s stock, down from their previous target price of $112.00.

EXPD has been the subject of several other reports. Wolfe Research downgraded Expeditors International of Washington from a hold rating to a strong sell rating in a report on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a sell rating to a neutral rating and boosted their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Benchmark reiterated a hold rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Robert W. Baird raised their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a neutral rating in a report on Wednesday, July 3rd. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $115.33.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $122.14 on Monday. Expeditors International of Washington has a 1 year low of $107.03 and a 1 year high of $131.59. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97. The business has a 50-day moving average of $122.56 and a two-hundred day moving average of $120.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Expeditors International of Washington will post 5.01 earnings per share for the current year.

Institutional Trading of Expeditors International of Washington

Large investors have recently bought and sold shares of the company. Boston Partners grew its stake in Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after acquiring an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Expeditors International of Washington by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock worth $333,615,000 after purchasing an additional 115,978 shares in the last quarter. Marshfield Associates raised its position in shares of Expeditors International of Washington by 0.3% during the 2nd quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock worth $226,013,000 after purchasing an additional 5,712 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after buying an additional 227,671 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.