Expeditors International of Washington (NASDAQ:EXPD) Downgraded by Wolfe Research

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by Wolfe Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks.com reports.

EXPD has been the subject of a number of other research reports. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America boosted their price target on 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. Finally, Robert W. Baird boosted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Stock Up 0.0 %

Shares of NASDAQ:EXPD opened at $121.30 on Wednesday. The company has a market cap of $17.12 billion, a P/E ratio of 26.03, a P/E/G ratio of 5.51 and a beta of 0.97. Expeditors International of Washington has a 52 week low of $107.03 and a 52 week high of $131.59. The business has a fifty day simple moving average of $122.55 and a 200-day simple moving average of $120.95.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. Expeditors International of Washington’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. Sell-side analysts expect that Expeditors International of Washington will post 5.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors have recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of Expeditors International of Washington during the first quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington in the second quarter worth about $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the second quarter worth about $52,000. Finally, ORG Partners LLC lifted its holdings in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the period. Institutional investors 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.