Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Expeditors International of Washington, with three sell, six hold, two buy and two strong-buy recommendations. The average 12-month price target is $168.78.
• Recent quarterly results exceeded expectations: the company reported $2.03 in EPS versus a $1.69 consensus, while revenue increased 32.1% year over year.
• Institutional ownership is high at 94.02%, with several major investors establishing new positions during the second quarter. The stock recently traded at $186.38, near its 52-week high of $189.87.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) has received an average recommendation of "Hold" from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $168.7778.

Several brokerages recently issued reports on EXPD. Bank of America raised their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. UBS Group upped their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. TD Cowen raised their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research report on Wednesday, August 5th. Susquehanna lifted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $169,665,000. Man Group plc bought a new position in Expeditors International of Washington during the second quarter worth $11,939,000. Roberts Glore & Co. Inc. IL acquired a new position in Expeditors International of Washington in the second quarter valued at $4,071,000. Jupiter Topco LLC acquired a new position in Expeditors International of Washington in the second quarter valued at $2,678,000. Finally, J. Goldman & Co LP bought a new stake in Expeditors International of Washington during the second quarter valued at $12,868,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $186.38 on Monday. The company has a fifty day moving average price of $170.83 and a 200-day moving average price of $157.79. The company has a market capitalization of $24.23 billion, a P/E ratio of 32.58, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 52-week low of $112.94 and a 52-week high of $189.87.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly 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%. During the same quarter last year, the firm earned $1.34 EPS. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

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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