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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been given a consensus recommendation of "Reduce" by the twelve analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $113.89.

EXPD has been the topic of several recent research reports. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price objective for the company from $117.00 to $118.00 in a research report on Friday. UBS Group reduced their price objective 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. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. Finally, Truist Financial upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington during the first quarter worth about $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington in the first quarter worth about $30,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington in the first quarter worth about $37,000. Finally, Colonial Trust Co SC boosted its position in shares of Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after buying an additional 130 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD traded down $3.56 during trading on Friday, reaching $115.69. 1,486,589 shares of the stock were exchanged, compared to its average volume of 1,245,191. The business's 50 day moving average price is $114.10 and its two-hundred day moving average price is $113.50. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.77 dividend. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

About Expeditors International of Washington

Expeditors 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.