Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Rating of “Reduce” by Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received a consensus rating of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $108.63.

EXPD has been the topic of a number of recent analyst reports. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research note on Thursday, January 11th. Bank of America assumed coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Stifel Nicolaus raised their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by company insiders.

Institutional Trading of Expeditors International of Washington

A number of large investors have recently bought and sold shares of the stock. Capital Analysts LLC boosted its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock valued at $1,798,000 after purchasing an additional 80 shares in the last quarter. IMPACTfolio LLC boosted its position in Expeditors International of Washington by 4.4% in the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock valued at $248,000 after buying an additional 82 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Expeditors International of Washington by 53.8% during the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after buying an additional 92 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Expeditors International of Washington by 1.7% during the fourth quarter. Verition Fund Management LLC now owns 5,647 shares of the transportation company’s stock worth $718,000 after buying an additional 92 shares in the last quarter. Finally, Blackhawk Capital Partners LLC. increased its holdings in shares of Expeditors International of Washington by 2.2% during the third quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock worth $505,000 after buying an additional 94 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.4 %

EXPD stock opened at $114.79 on Friday. The company has a 50 day moving average of $120.04 and a two-hundred day moving average of $120.55. Expeditors International of Washington has a 12-month low of $106.43 and a 12-month high of $131.17. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 8.54 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. On average, research analysts anticipate that Expeditors International of Washington will post 4.75 EPS for the current year.

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.