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

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

EXPD has been the topic of a number of other research reports. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $115.00.

Expeditors International of Washington Trading Up 0.1 %

NASDAQ:EXPD opened at $120.06 on Wednesday. The company has a market capitalization of $16.81 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.56 and a beta of 0.98. Expeditors International of Washington has a 12 month low of $111.20 and a 12 month high of $131.59. 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 issued its quarterly earnings data 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. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington will post 5.16 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB purchased a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $2,954,000. Banco Santander S.A. raised its stake in Expeditors International of Washington by 141.0% in the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after acquiring an additional 52,603 shares during the last quarter. Magnetar Financial LLC purchased a new position in Expeditors International of Washington in the 1st quarter worth $1,305,000. Assenagon Asset Management S.A. raised its stake in Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after acquiring an additional 70,329 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Expeditors International of Washington by 439.5% during the 1st quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company’s stock worth $5,317,000 after purchasing an additional 35,629 shares during the period. Hedge funds and other institutional investors 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.