Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Expeditors International has a consensus “Hold” rating from 15 analysts, with three sells, eight holds, two buys and two strong buys. The average 12-month price target is $175.27, below the stock’s reported $194 price.
• Recent brokerages offered mixed views: UBS and Bank of America raised their targets while maintaining buy ratings, whereas TD Cowen maintained a sell rating despite lifting its target to $176.
• The company exceeded quarterly earnings expectations, reporting $2.03 in EPS versus the $1.69 consensus, while revenue increased 32.1% year over year. Institutional investors own approximately 94.02% of the stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have received a consensus rating of "Hold" from the fifteen research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $175.27.

A number of brokerages have weighed in on EXPD. UBS Group lifted their target price on Expeditors International of Washington from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird lifted their price objective on Expeditors International of Washington from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, October 1st. TD Cowen upped their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock 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 report on Wednesday, July 15th. Finally, Bank of America raised their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $194.00 on Tuesday. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 1 year low of $112.94 and a 1 year high of $195.32. The firm has a 50-day moving average of $185.62 and a two-hundred day moving average of $167.41.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results 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%. Expeditors International of Washington's revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. Research analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in Expeditors International of Washington by 6.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,946 shares of the transportation company's stock worth $480,000 after buying an additional 179 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Expeditors International of Washington by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the transportation company's stock valued at $180,578,000 after acquiring an additional 3,909 shares in the last quarter. Andra AP fonden boosted its position in Expeditors International of Washington by 151.0% during the 2nd quarter. Andra AP fonden now owns 95,421 shares of the transportation company's stock valued at $15,552,000 after acquiring an additional 57,400 shares in the last quarter. State Street Corp increased its holdings in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock valued at $1,195,498,000 after acquiring an additional 109,798 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $163,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.

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