Stifel Nicolaus Issues Pessimistic Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price objective cut by equities research analysts at Stifel Nicolaus from $122.00 to $117.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential upside of 3.17% from the company’s previous close.

EXPD has been the subject of a number of other research reports. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Stock Performance

EXPD traded up $1.08 during trading on Thursday, hitting $113.40. 55,279 shares of the stock were exchanged, compared to its average volume of 1,043,482. The firm has a 50 day simple moving average of $115.61 and a 200 day simple moving average of $119.71. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 3.82 and a beta of 0.99. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, equities analysts anticipate that Expeditors International of Washington will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Several large investors have recently made changes to their positions in EXPD. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at about $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares during the period. Finally, Quarry LP boosted its holdings in Expeditors International of Washington by 315.6% in the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 426 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.