Expeditors International of Washington, Inc. (EXPD) Earns Neutral Rating from Analysts at Goldman Sachs Group, Inc. (The)

Investment analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in a research report issued on Monday. The brokerage set a “neutral” rating on the transportation company’s stock.

EXPD has been the subject of a number of other reports. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Barclays PLC lifted their price target on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Cowen and Company reissued a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Credit Suisse Group lifted their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $59.43.

Expeditors International of Washington (NASDAQ:EXPD) opened at $59.85 on Monday. Expeditors International of Washington has a 12-month low of $50.20 and a 12-month high of $62.63. The stock has a market cap of $10,635.51, a PE ratio of 25.04, a P/E/G ratio of 3.13 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company posted $0.59 EPS. Expeditors International of Washington’s revenue was up 15.3% on a year-over-year basis. analysts anticipate that Expeditors International of Washington will post 2.39 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC grew its stake in shares of Expeditors International of Washington by 210.4% in the second quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock worth $1,324,000 after acquiring an additional 15,891 shares during the period. Stifel Financial Corp grew its stake in shares of Expeditors International of Washington by 5.3% in the second quarter. Stifel Financial Corp now owns 86,500 shares of the transportation company’s stock worth $4,897,000 after acquiring an additional 4,333 shares during the period. Forsta AP Fonden grew its stake in shares of Expeditors International of Washington by 20.3% in the second quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock worth $10,411,000 after acquiring an additional 31,100 shares during the period. Gotham Asset Management LLC grew its stake in shares of Expeditors International of Washington by 23.9% in the second quarter. Gotham Asset Management LLC now owns 298,543 shares of the transportation company’s stock worth $16,862,000 after acquiring an additional 57,521 shares during the period. Finally, Summit Global Investments bought a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $652,000. 94.44% of the stock is owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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