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

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

A number of other equities research analysts have also weighed in on EXPD. Cowen reissued a “buy” rating and set a $149.00 target price on shares of Intercept Pharmaceuticals in a report on Wednesday, May 8th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Stifel Nicolaus set a $73.00 target price on shares of Expeditors International of Washington and gave the stock a “hold” rating in a report on Monday, May 20th. Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Loop Capital assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, May 30th. They issued a “hold” rating and a $78.00 price objective on the stock. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $73.29.

EXPD opened at $74.15 on Friday. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.14. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 21.01 and a beta of 0.91. The stock’s 50 day simple moving average is $73.40.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts expect that Expeditors International of Washington will post 3.45 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Moody National Bank Trust Division bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $25,000. Rational Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $30,000. CX Institutional bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $50,000. Osborn Williams & Donohoe LLC bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $55,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Expeditors International of Washington by 121.5% in the 4th quarter. Global Retirement Partners LLC now owns 970 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 532 shares during the last quarter. 92.30% of the stock is currently owned by institutional investors.

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

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