Analysts Set Expeditors International of Washington, Inc. (EXPD) Target Price at $55.50

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $55.50.

Several analysts have recently weighed in on EXPD shares. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Cowen and Company reiterated a “market perform” rating and set a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th.

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Several institutional investors have recently made changes to their positions in the company. Janney Capital Management LLC increased its stake in shares of Expeditors International of Washington by 0.4% during the second quarter. Janney Capital Management LLC now owns 4,683 shares of the transportation company’s stock valued at $264,000 after buying an additional 18 shares during the period. Mosaic Family Wealth LLC increased its stake in shares of Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after buying an additional 93 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of Expeditors International of Washington by 0.7% during the second quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock valued at $752,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Expeditors International of Washington by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock valued at $633,000 after buying an additional 100 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 93.47% of the company’s stock.

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.40% on Friday, reaching $57.12. 556,782 shares of the company’s stock were exchanged. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 24.73 and a beta of 0.66. The company’s 50 day moving average is $56.50 and its 200-day moving average is $55.99. Expeditors International of Washington has a one year low of $47.23 and a one year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts anticipate that Expeditors International of Washington will post $2.32 EPS for the current year.

About Expeditors International of Washington

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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