Expeditors International of Washington (NASDAQ:EXPD) PT Lowered to $95.00 at Susquehanna

Posted by Defense World Staff on Nov 13th, 2022

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) had its price objective trimmed by Susquehanna from $110.00 to $95.00 in a research note released on Wednesday, The Fly reports.

Several other analysts have also recently weighed in on EXPD. StockNews.com started coverage on Expeditors International of Washington in a report on Wednesday, October 12th. They set a hold rating for the company. Barclays dropped their price objective on Expeditors International of Washington from $95.00 to $90.00 and set an underweight rating for the company in a report on Thursday, October 13th. Morgan Stanley dropped their price objective on Expeditors International of Washington from $94.00 to $86.00 and set an underweight rating for the company in a report on Monday, October 3rd. Wells Fargo & Company lowered their price target on Expeditors International of Washington from $101.00 to $97.00 and set an equal weight rating for the company in a research note on Friday, July 15th. Finally, Wolfe Research cut Expeditors International of Washington from a peer perform rating to an underperform rating in a research note on Tuesday, July 12th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $101.75.

Expeditors International of Washington Stock Up 3.0 %

Shares of NASDAQ EXPD opened at $111.91 on Wednesday. The firm’s 50-day simple moving average is $94.83 and its 200 day simple moving average is $100.25. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 11.76 and a beta of 0.93. Expeditors International of Washington has a 12-month low of $86.08 and a 12-month high of $137.80.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.63. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.21 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. On average, equities analysts expect that Expeditors International of Washington will post 8.14 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 14.08%.

Institutional Trading of Expeditors International of Washington

Large investors have recently bought and sold shares of the business. Capital Analysts LLC boosted its position in Expeditors International of Washington by 0.7% during the 2nd quarter. Capital Analysts LLC now owns 13,893 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 95 shares during the last quarter. Denali Advisors LLC boosted its position in Expeditors International of Washington by 3.7% during the 2nd quarter. Denali Advisors LLC now owns 2,800 shares of the transportation company’s stock worth $273,000 after acquiring an additional 100 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in Expeditors International of Washington by 4.3% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 2,613 shares of the transportation company’s stock worth $231,000 after acquiring an additional 108 shares during the last quarter. Lakeside Advisors INC. boosted its position in Expeditors International of Washington by 0.3% during the 2nd quarter. Lakeside Advisors INC. now owns 37,051 shares of the transportation company’s stock worth $3,611,000 after acquiring an additional 110 shares during the last quarter. Finally, MV Capital Management Inc. boosted its position in Expeditors International of Washington by 0.7% during the 1st quarter. MV Capital Management Inc. now owns 16,575 shares of the transportation company’s stock worth $1,710,000 after acquiring an additional 118 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

About Expeditors International of Washington

(Get Rating)

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, specialized cargo monitoring and tracking, and other supply chain solutions.

Receive News & Ratings for Expeditors International of Washington Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.