Expeditors International of Washington (NASDAQ:EXPD) Upgraded at StockNews.com

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

EXPD has been the subject of several other reports. Bank of America lowered their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, TD Cowen upped their price target 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. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Trading Down 0.2 %

Shares of Expeditors International of Washington stock opened at $110.54 on Friday. Expeditors International of Washington has a 12 month low of $108.36 and a 12 month high of $131.59. The firm has a market capitalization of $15.47 billion, a P/E ratio of 21.55, a P/E/G ratio of 3.87 and a beta of 0.98. The business has a fifty day simple moving average of $113.73 and a two-hundred day simple moving average of $119.07.

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

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after purchasing an additional 399,800 shares during the period. Raymond James Financial Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $36,865,000. Allspring Global Investments Holdings LLC raised its stake in shares of Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after buying an additional 308,390 shares during the period. KBC Group NV lifted its position in shares of Expeditors International of Washington by 836.7% during the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after buying an additional 303,438 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after acquiring an additional 265,111 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company Profile

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.