Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, Barclays Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by Barclays from $105.00 to $110.00 in a research report released on Wednesday,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. TD Cowen raised their target price 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. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $115.00.

Expeditors International of Washington Trading Up 0.1 %

EXPD stock opened at $120.06 on Wednesday. Expeditors International of Washington has a 12-month low of $111.20 and a 12-month high of $131.59. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.56 and a beta of 0.98. The business’s 50-day moving average is $122.39 and its 200 day moving average is $121.37.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm posted $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington will post 5.16 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. increased its holdings in Expeditors International of Washington by 9.8% in the first quarter. Daiwa Securities Group Inc. now owns 14,460 shares of the transportation company’s stock valued at $1,758,000 after buying an additional 1,290 shares during the last quarter. ORG Partners LLC increased its holdings in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after buying an additional 376 shares during the last quarter. Empirical Finance LLC increased its holdings in Expeditors International of Washington by 3.1% in the first quarter. Empirical Finance LLC now owns 5,734 shares of the transportation company’s stock valued at $697,000 after buying an additional 173 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Expeditors International of Washington by 33.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock valued at $332,000 after buying an additional 679 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Expeditors International of Washington by 1,774.4% during the first quarter. Quantbot Technologies LP now owns 29,485 shares of the transportation company’s stock worth $3,584,000 after purchasing an additional 27,912 shares during the last quarter. Institutional investors and hedge funds 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.