Expeditors International of Washington (NASDAQ:EXPD) Raised to Buy at StockNews.com

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

Several other research firms have also commented on EXPD. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America cut their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $1.11 during midday trading on Tuesday, reaching $114.21. The stock had a trading volume of 768,256 shares, compared to its average volume of 1,037,439. The company’s fifty day simple moving average is $115.16 and its two-hundred day simple moving average is $119.53. The company has a market cap of $15.99 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 3.81 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 net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue was up 37.0% on a year-over-year basis. On average, sell-side analysts forecast that Expeditors International of Washington will post 5.47 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Large investors have recently bought and sold shares of the company. Sei Investments Co. increased its holdings in Expeditors International of Washington by 7.8% during the 2nd quarter. Sei Investments Co. now owns 40,193 shares of the transportation company’s stock valued at $5,015,000 after acquiring an additional 2,912 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Expeditors International of Washington by 53.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,102 shares of the transportation company’s stock worth $637,000 after purchasing an additional 1,773 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $1,989,000. AQR Capital Management LLC grew its holdings in Expeditors International of Washington by 42.2% during the 2nd quarter. AQR Capital Management LLC now owns 193,607 shares of the transportation company’s stock valued at $24,160,000 after buying an additional 57,412 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Expeditors International of Washington by 3.9% during the second quarter. Mackenzie Financial Corp now owns 38,649 shares of the transportation company’s stock worth $4,823,000 after buying an additional 1,438 shares in 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.