Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $118.44

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received a consensus recommendation of “Reduce” from the eleven brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $118.44.

EXPD has been the topic of several recent analyst reports. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th.

Expeditors International of Washington Stock Down 0.1 %

NASDAQ:EXPD opened at $121.47 on Friday. The stock’s fifty day simple moving average is $121.68 and its 200-day simple moving average is $121.98. The firm has a market capitalization of $17.00 billion, a P/E ratio of 23.71, a P/E/G ratio of 3.45 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 posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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 given a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Institutional Trading of Expeditors International of Washington

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after acquiring an additional 82,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after buying an additional 257,791 shares during the last quarter. Marshfield Associates increased its position in Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the last quarter. ProShare Advisors LLC increased its position in Expeditors International of Washington by 16.8% during the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after buying an additional 227,671 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Expeditors International of Washington by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock worth $159,595,000 after buying an additional 85,393 shares during 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.