Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) had its price objective cut by stock analysts at Bank of America from $129.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price objective suggests a potential upside of 7.81% from the company’s previous close.
A number of other equities research analysts have also commented on the stock. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, TD Cowen raised their target price 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. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.11.
Read Our Latest Report on Expeditors International of Washington
Expeditors International of Washington Trading Down 0.1 %
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company earned $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. Sell-side analysts expect that Expeditors International of Washington will post 5.47 EPS for the current fiscal year.
Insider Transactions at Expeditors International of Washington
In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.
Institutional Investors Weigh In On Expeditors International of Washington
Hedge funds have recently bought and sold shares of the business. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington during the third quarter valued at $57,000. Maia Wealth LLC bought a new stake in Expeditors International of Washington in the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Expeditors International of Washington by 315.6% during the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 426 shares in the last quarter. 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.
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