Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) has been assigned an average rating of "Reduce" from the eleven research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $113.89.
A number of analysts have recently commented on the stock. Barclays cut their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. Truist Financial dropped their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. TD Cowen dropped their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday, May 7th. UBS Group decreased their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd.
Check Out Our Latest Stock Report on EXPD
Expeditors International of Washington Stock Performance
NASDAQ EXPD traded up $0.51 during trading hours on Wednesday, reaching $113.59. 2,809,639 shares of the company's stock were exchanged, compared to its average volume of 1,270,100. The company's 50-day moving average is $111.79 and its two-hundred day moving average is $113.56. Expeditors International of Washington has a one year low of $100.47 and a one year high of $131.59. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.
Expeditors International of Washington Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is presently 25.58%.
Hedge Funds Weigh In On Expeditors International of Washington
A number of institutional investors have recently modified their holdings of EXPD. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Expeditors International of Washington in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new stake in Expeditors International of Washington in the 1st quarter valued at $30,000. Finally, Garde Capital Inc. purchased a new stake in Expeditors International of Washington in the 1st quarter valued at $37,000. 94.02% of the stock is owned by institutional investors and hedge funds.
About Expeditors International of Washington
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Get Free ReportExpeditors 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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