Expeditors International of Washington (NASDAQ:EXPD) Shares Break Above 50 Day Moving Average - What's Next?

Key Points

• Shares rose above the 50-day moving average, trading as high as $194.68 and last quoted at $194.52, versus a 50-day average of $192.39.
• Expeditors reported quarterly earnings of $2.65 per share, beating the $2.22 consensus estimate; revenue increased 41.9% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $181.27. The company also announced a $0.81-per-share dividend, payable December 15 to shareholders of record December 1.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $192.39 and traded as high as $194.68. Expeditors International of Washington shares last traded at $194.5210, with a volume of 1,114,215 shares changing hands.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research reports. Bank of America upped their price target on shares of 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. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the stock a "neutral" rating in a report on Wednesday, November 4th. Zacks Research upgraded shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 4th. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $181.27.

Expeditors International of Washington Price Performance

The firm has a market capitalization of $25.11 billion, a P/E ratio of 34.01, a P/E/G ratio of 5.00 and a beta of 1.08. The stock's 50 day moving average is $192.39 and its two-hundred day moving average is $168.34.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the company earned $1.64 EPS. Expeditors International of Washington's revenue for the quarter was up 41.9% on a year-over-year basis. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington's payout ratio is presently 20.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new stake in Expeditors International of Washington in the third quarter valued at about $27,000. Latitude Advisors LLC acquired a new position in Expeditors International of Washington in the third quarter valued at about $27,000. Fortitude Family Office LLC boosted its holdings in Expeditors International of Washington by 76.0% during the third quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company's stock worth $32,000 after buying an additional 76 shares during the last quarter. Hara Capital LLC bought a new position in Expeditors International of Washington during the second quarter worth about $33,000. Finally, Continuum Advisory LLC bought a new position in Expeditors International of Washington during the second quarter worth about $33,000. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.

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