Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, TD Cowen Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its target price boosted by TD Cowen from $106.00 to $108.00 in a research note published on Wednesday, MarketBeat reports. TD Cowen currently has a sell rating on the transportation company’s stock.

A number of other research analysts also recently commented on the stock. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Bank of America increased their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.00.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $120.06 on Wednesday. The firm’s 50-day moving average is $122.39 and its two-hundred day moving average is $121.37. The stock has a market capitalization of $16.81 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.56 and a beta of 0.98. Expeditors International of Washington has a 12-month low of $111.20 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. As a group, analysts forecast that Expeditors International of Washington will post 5.16 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Institutional Trading of Expeditors International of Washington

Several large investors have recently bought and sold shares of EXPD. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Expeditors International of Washington by 50.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 210,227 shares of the transportation company’s stock valued at $27,624,000 after purchasing an additional 70,174 shares during the period. Moran Wealth Management LLC grew its holdings in Expeditors International of Washington by 0.5% during the 3rd quarter. Moran Wealth Management LLC now owns 56,628 shares of the transportation company’s stock worth $7,441,000 after acquiring an additional 290 shares in the last quarter. Portfolio Design Labs LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $2,010,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $1,685,000. Finally, Banque Cantonale Vaudoise raised its stake in shares of Expeditors International of Washington by 15.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 30,413 shares of the transportation company’s stock valued at $3,996,000 after purchasing an additional 4,129 shares in the last quarter. 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.