Analysts Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $115.33

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus rating of “Reduce” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $115.00.

EXPD has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday. Bank of America boosted their price target 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. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $120.06 on Tuesday. The firm’s 50-day simple moving average is $122.39 and its 200-day simple moving average is $121.37. Expeditors International of Washington has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a market cap of $16.81 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities analysts forecast that Expeditors International of Washington will post 5.16 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently modified their holdings of the business. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $52,000. 94.02% of the stock is owned by institutional investors.

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.