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

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

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

Expeditors International of Washington Stock Performance

EXPD stock traded down $1.11 during midday trading on Tuesday, reaching $114.21. The company’s stock had a trading volume of 768,256 shares, compared to its average volume of 1,037,439. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 3.81 and a beta of 0.99. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59. The stock has a fifty day simple moving average of $115.16 and a two-hundred day simple moving average of $119.53.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. As a group, analysts forecast 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 Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted 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 buying an additional 51,265 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth $4,363,000. Franklin Resources Inc. boosted its holdings 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 purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic purchased a new position in Expeditors International of Washington in the fourth quarter worth approximately $1,329,000. Finally, Beaumont Financial Advisors LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth $342,000. Institutional investors and hedge funds 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.