Expeditors International (EXPD) – Analysts’ Weekly Ratings Updates

Expeditors International (NASDAQ: EXPD) has recently received a number of price target changes and ratings updates:

  • 5/12/2018 – Expeditors International was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 5/9/2018 – Expeditors International had its price target raised by analysts at Credit Suisse Group from $63.00 to $67.00. They now have an “underperform” rating on the stock.
  • 5/9/2018 – Expeditors International had its price target raised by analysts at Cowen Inc from $65.00 to $70.00. They now have a “market perform” rating on the stock.
  • 5/9/2018 – Expeditors International had its price target raised by analysts at Stifel Nicolaus from $65.00 to $72.00. They now have a “hold” rating on the stock.
  • 5/2/2018 – Expeditors International was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/24/2018 – Expeditors International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “Shares of Expeditors have outperformed its industry in a year's time. The growth at airfreight services unit is encouraging and is expected to buoy results in the first quarter as well. Results will be out on May 8. The company's efforts to reward shareholders through dividend payments and buybacks are also impressive. The new tax law, which reduces corporate tax rate significantly, is an added positive and might result in a dividend hike from the company shortly. The company's sound balance sheet is impressive as well. The positivity revolving around the stock is evident from the Zacks Consensus estimate for first-quarter earnings being revised 3.2% upward in the last 60 days. However, high operating expenses continue to limit bottom-line growth.”

Expeditors International opened at $71.94 on Friday, according to MarketBeat. Expeditors International has a twelve month low of $71.82 and a twelve month high of $72.36. The stock has a market cap of $12.56 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.93 and a beta of 0.70.

Expeditors International (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. Expeditors International had a net margin of 7.36% and a return on equity of 24.84%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. analysts forecast that Expeditors International will post 3.07 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.45 per share. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 31st. This is an increase from Expeditors International’s previous Semi-Annual dividend of $0.42. Expeditors International’s dividend payout ratio is 33.87%.

In related news, VP Christopher J. Mcclincy sold 2,437 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $72.11, for a total transaction of $175,732.07. Following the completion of the transaction, the vice president now owns 16,754 shares in the company, valued at approximately $1,208,130.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey S. Musser sold 2,073 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $66.54, for a total transaction of $137,937.42. Following the completion of the sale, the insider now owns 10,126 shares of the company’s stock, valued at approximately $673,784.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,894 shares of company stock valued at $1,959,967. Insiders own 0.99% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in EXPD. Fiduciary Management Inc. WI raised its holdings in Expeditors International by 25.6% in the 1st quarter. Fiduciary Management Inc. WI now owns 7,104,963 shares of the transportation company’s stock valued at $449,744,000 after acquiring an additional 1,448,170 shares during the last quarter. Select Equity Group L.P. raised its holdings in Expeditors International by 41.6% in the 1st quarter. Select Equity Group L.P. now owns 4,368,957 shares of the transportation company’s stock valued at $276,555,000 after acquiring an additional 1,283,685 shares during the last quarter. Parnassus Investments CA raised its holdings in Expeditors International by 41.7% in the 4th quarter. Parnassus Investments CA now owns 1,252,590 shares of the transportation company’s stock valued at $81,030,000 after acquiring an additional 368,590 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Expeditors International in the 4th quarter valued at about $18,136,000. Finally, Millennium Management LLC raised its holdings in Expeditors International by 125.9% in the 1st quarter. Millennium Management LLC now owns 262,610 shares of the transportation company’s stock valued at $16,623,000 after acquiring an additional 146,339 shares during the last quarter. Institutional investors own 92.49% of the company’s stock.

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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