Expeditors International of Washington (NASDAQ:EXPD) Rating Increased to Buy at StockNews.com

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other brokerages have also issued reports on EXPD. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Bank of America cut their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays boosted their target price 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. Finally, TD Cowen increased 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, November 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Price Performance

EXPD opened at $110.54 on Friday. Expeditors International of Washington has a one year low of $108.36 and a one year high of $131.59. The firm has a market capitalization of $15.47 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. The company has a fifty day moving average price of $113.73 and a 200-day moving average price of $119.07.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. On average, analysts expect that Expeditors International of Washington will post 5.47 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. SRS Capital Advisors Inc. raised its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $57,000. Finally, Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

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.