Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) PT at $113.89

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have earned an average recommendation of "Reduce" from the eleven analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $113.89.

Several research analysts have weighed in on the company. Barclays dropped their target price on 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. UBS Group lowered their price target on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. TD Cowen dropped their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, Truist Financial decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $1.14 during trading on Friday, hitting $112.55. 1,102,868 shares of the company were exchanged, compared to its average volume of 1,291,888. The business's 50-day simple moving average is $112.08 and its 200 day simple moving average is $114.49. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. lifted its position in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth about $26,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington during the 1st quarter valued at approximately $30,000. Finally, Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the 1st quarter valued at approximately $37,000. Institutional investors own 94.02% of the company's stock.

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.