Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Upgraded by StockNews.com

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Several other brokerages also recently weighed in on EXPD. Stifel Nicolaus decreased 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 note on Thursday, January 23rd. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $117.44.

Expeditors International of Washington Stock Up 0.2 %

NASDAQ:EXPD opened at $114.39 on Tuesday. Expeditors International of Washington has a 52-week low of $108.36 and a 52-week high of $131.59. The stock’s 50 day moving average price is $115.07 and its 200 day moving average price is $119.49. The company has a market capitalization of $16.01 billion, a PE ratio of 22.30, a P/E/G ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on 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 owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This 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 accessible through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $4,363,000. Franklin Resources Inc. lifted its stake in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $1,329,000. Finally, Beaumont Financial Advisors LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $342,000. 94.02% of the stock is currently owned by hedge funds and other 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.