Expeditors International of Washington (EXPD) Receives Buy Rating from Barclays

Barclays reissued their buy rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report report published on Tuesday. The firm currently has a $70.00 target price on the transportation company’s stock.

EXPD has been the subject of several other research reports. Credit Suisse Group increased their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an underperform rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded Expeditors International of Washington from a buy rating to a hold rating in a research note on Wednesday, November 15th. Cowen restated a market perform rating and set a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Goldman Sachs Group assumed coverage on Expeditors International of Washington in a research note on Monday, November 13th. They set a neutral rating and a $59.00 target price for the company. Finally, UBS Group increased their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a sell rating in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Expeditors International of Washington currently has a consensus rating of Hold and an average price target of $60.25.

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded down $0.61 during trading hours on Tuesday, reaching $65.44. The company had a trading volume of 1,014,078 shares, compared to its average volume of 1,042,414. Expeditors International of Washington has a 1 year low of $51.57 and a 1 year high of $66.30. The company has a market cap of $11,630.00, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. sell-side analysts anticipate that Expeditors International of Washington will post 2.41 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is 35.29%.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.78% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its holdings in Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 1,900 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 471 shares in the last quarter. Merriman Wealth Management LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at approximately $208,000. Virtu Financial LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at approximately $212,000. Finally, Sigma Planning Corp acquired a new position in Expeditors International of Washington in the 3rd quarter valued at approximately $216,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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