Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Expeditors International, with three sells, six holds, two buys, and two strong buys. The average 12-month price target is $168.78, below the reported share price of $189.17.
• Expeditors exceeded quarterly earnings expectations, reporting $2.03 EPS versus the $1.69 consensus, while revenue increased 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.
• Institutional investors and hedge funds own 94.02% of the company’s shares, with several firms recently increasing their positions.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been given an average rating of "Hold" by the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $168.7778.

EXPD has been the subject of several research analyst reports. Barclays increased their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. TD Cowen upped their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a research note on Wednesday, August 5th. Truist Financial increased their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Stephens raised shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a "market perform" rating for the company.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $189.17 on Friday. The stock has a market capitalization of $24.59 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $192.28. The company has a 50 day moving average price of $180.29 and a 200 day moving average price of $161.96.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the business posted $1.34 earnings per share. The firm's revenue for the quarter was up 32.1% on a year-over-year basis. On average, sell-side analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors have recently made changes to their positions in EXPD. RFG Advisory LLC raised its stake in shares of Expeditors International of Washington by 3.5% in the second quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company's stock valued at $307,000 after purchasing an additional 64 shares in the last quarter. Nilsine Partners LLC boosted its stake in Expeditors International of Washington by 1.9% during the second quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company's stock worth $658,000 after buying an additional 77 shares in the last quarter. Rossby Financial LCC increased its holdings in Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company's stock valued at $140,000 after buying an additional 80 shares during the period. Claro Advisors Inc. increased its holdings in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company's stock valued at $260,000 after buying an additional 83 shares during the period. Finally, Hardy Reed LLC raised its stake in shares of Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company's stock valued at $523,000 after buying an additional 95 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers' import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

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