Expeditors International of Washington (EXPD) Price Target Raised to $63.00 at Credit Suisse Group

Expeditors International of Washington (NASDAQ:EXPD) had its target price upped by Credit Suisse Group from $56.00 to $63.00 in a report published on Tuesday. They currently have an underperform rating on the transportation company’s stock.

EXPD has been the topic of several other research reports. BidaskClub downgraded shares of Expeditors International of Washington from a sell rating to a strong sell rating in a research note on Saturday, January 6th. Barclays reaffirmed a buy rating and set a $70.00 price target on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a buy rating to a hold rating in a research note on Wednesday, November 15th. Cowen lifted their price target on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the stock a market perform rating in a research note on Wednesday, November 8th. Finally, Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They set a neutral rating and a $59.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $61.13.

Expeditors International of Washington (NASDAQ:EXPD) traded up $0.60 during trading on Tuesday, reaching $66.07. 915,586 shares of the company traded hands, compared to its average volume of 1,005,764. Expeditors International of Washington has a 12-month low of $51.57 and a 12-month high of $66.83. The stock has a market cap of $11,740.00, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 3.14 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. analysts forecast that Expeditors International of Washington will post 2.41 EPS for the current year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.78% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. grew its holdings in Expeditors International of Washington by 3.9% during the 3rd quarter. Sei Investments Co. now owns 414,596 shares of the transportation company’s stock worth $24,819,000 after acquiring an additional 15,391 shares in the last quarter. Stifel Financial Corp grew its holdings in Expeditors International of Washington by 5.3% during the 2nd quarter. Stifel Financial Corp now owns 86,500 shares of the transportation company’s stock worth $4,897,000 after acquiring an additional 4,333 shares in the last quarter. Gotham Asset Management LLC grew its holdings in Expeditors International of Washington by 23.9% during the 2nd quarter. Gotham Asset Management LLC now owns 298,543 shares of the transportation company’s stock worth $16,862,000 after acquiring an additional 57,521 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Expeditors International of Washington by 22.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 92,782 shares of the transportation company’s stock worth $5,554,000 after acquiring an additional 16,910 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Expeditors International of Washington by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 434,286 shares of the transportation company’s stock worth $25,996,000 after acquiring an additional 10,188 shares in the last quarter. 93.65% of the stock is owned by institutional investors.

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Expeditors International of Washington Company Profile

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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