Expeditors International of Washington (NASDAQ:EXPD) Upgraded to “Neutral” by BNP Paribas

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) was upgraded by BNP Paribas from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Briefing.com reports. The firm currently has a $112.00 target price on the transportation company’s stock. BNP Paribas’ price objective suggests a potential downside of 4.77% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Bank of America started coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. Susquehanna raised their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Finally, TD Cowen boosted their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $111.63.

View Our Latest Stock Report on EXPD

Expeditors International of Washington Price Performance

EXPD opened at $117.61 on Tuesday. Expeditors International of Washington has a 1 year low of $107.03 and a 1 year high of $131.17. The stock’s 50 day simple moving average is $117.57 and its 200 day simple moving average is $120.56. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 6.50 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm’s revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 4.82 EPS for the current year.

Insider Transactions at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors have recently bought and sold shares of EXPD. First Trust Advisors LP raised its stake in shares of Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after buying an additional 1,351,630 shares during the period. Norges Bank bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $74,763,000. TD Asset Management Inc lifted its position in shares of Expeditors International of Washington by 51.9% in the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after acquiring an additional 296,186 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Expeditors International of Washington by 11.2% in the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after acquiring an additional 273,388 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after purchasing an additional 222,846 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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