Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Rating of "Reduce" by Brokerages

Key Points

• Analysts have assigned Expeditors an average rating of Reduce from 12 brokerages (4 sell, 6 hold, 2 buy), with an average 12‑month price target of $134.30.
• In the most recent quarter Expeditors reported EPS of $1.49 (beat consensus $1.46) while revenue fell 3.3% year‑over‑year, and analysts project full‑year EPS of 5.39.
• Institutional ownership is very high—about 94.02%—with major funds like UBS, Southpoint, Norges Bank and Wellington recently adding or increasing multi‑hundred‑million‑dollar stakes.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been assigned an average rating of "Reduce" from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $134.30.

Several research firms have weighed in on EXPD. Susquehanna dropped their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a report on Friday, January 9th. Barclays raised their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, January 15th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a "hold" rating in a report on Tuesday, December 16th. Finally, Truist Financial dropped their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, February 25th.

Expeditors International of Washington Stock Up 0.3%

Shares of EXPD opened at $143.44 on Tuesday. The company has a 50-day simple moving average of $147.35 and a 200-day simple moving average of $143.71. The company has a market capitalization of $19.08 billion, a PE ratio of 25.08, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington has a 52-week low of $103.76 and a 52-week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.68 earnings per share. Expeditors International of Washington's revenue was down 3.3% on a year-over-year basis. On average, research analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently modified their holdings of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Expeditors International of Washington by 733.9% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company's stock worth $231,432,000 after buying an additional 1,661,457 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $201,164,000. Norges Bank purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $180,719,000. Balyasny Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington during the third quarter worth about $113,194,000. Finally, Wellington Management Group LLP grew its holdings in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company's stock worth $235,486,000 after buying an additional 749,993 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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