Expeditors International of Washington (NASDAQ:EXPD) Rating Lowered to Sell at BidaskClub

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

A number of other analysts have also weighed in on the company. Cowen reiterated a “buy” rating and issued a $149.00 target price on shares of Intercept Pharmaceuticals in a research note on Wednesday, May 8th. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a research report on Monday, May 20th. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Finally, Loop Capital began coverage on Expeditors International of Washington in a research report on Thursday, May 30th. They set a “hold” rating and a $78.00 price target on the stock. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $73.29.

EXPD stock opened at $74.15 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a fifty day simple moving average of $73.40. Expeditors International of Washington has a twelve month low of $62.90 and a twelve month high of $80.69. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 21.01 and a beta of 0.91.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Expeditors International of Washington will post 3.45 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of EXPD. Raymond James Financial Services Advisors Inc. raised its stake in Expeditors International of Washington by 9.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,896 shares of the transportation company’s stock worth $1,150,000 after purchasing an additional 1,494 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Expeditors International of Washington by 7.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 29,663 shares of the transportation company’s stock worth $2,019,000 after purchasing an additional 2,083 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Expeditors International of Washington by 9.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,087 shares of the transportation company’s stock worth $4,023,000 after purchasing an additional 5,158 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Expeditors International of Washington by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 783,510 shares of the transportation company’s stock worth $53,342,000 after purchasing an additional 63,911 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Expeditors International of Washington by 2.0% in the 4th quarter. Stifel Financial Corp now owns 124,253 shares of the transportation company’s stock worth $8,478,000 after purchasing an additional 2,477 shares in the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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