Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $118.44 Consensus Target Price from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average recommendation of “Reduce” from the eleven analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $118.44.

A number of brokerages have weighed in on EXPD. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $121.47 on Friday. The business’s 50-day moving average price is $121.68 and its two-hundred day moving average price is $121.98. Expeditors International of Washington has a one year low of $111.20 and a one year high of $131.59. The company has a market capitalization of $17.00 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Hedge Funds Weigh In On Expeditors International of Washington

Several large investors have recently made changes to their positions in EXPD. Hara Capital LLC bought a new position in Expeditors International of Washington during the third quarter valued at about $26,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $52,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the 3rd quarter worth $57,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

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.