Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) had its target price dropped by investment analysts at Morgan Stanley from $86.00 to $85.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective points to a potential downside of 25.91% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Stephens raised their price objective on Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 9th. JPMorgan Chase & Co. began coverage on shares of Expeditors International of Washington in a research note on Friday, August 11th. They set an “underweight” rating and a $110.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 19th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Finally, StockNews.com assumed coverage on Expeditors International of Washington in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $106.09.
Expeditors International of Washington Trading Up 0.1 %
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.04). Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue was down 51.3% on a year-over-year basis. Analysts forecast that Expeditors International of Washington will post 5.36 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake in shares of Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after purchasing an additional 92 shares in the last quarter. Clear Street Markets LLC raised its holdings in Expeditors International of Washington by 95.0% during the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after purchasing an additional 153 shares in the last quarter. Covestor Ltd lifted its position in Expeditors International of Washington by 103.6% in the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after purchasing an additional 174 shares during the period. Raleigh Capital Management Inc. boosted its stake in Expeditors International of Washington by 36.9% during the 1st quarter. Raleigh Capital Management Inc. now owns 345 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 93 shares in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at $46,000. Institutional investors own 96.73% of the company’s stock.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc, together with its subsidiaries, 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.
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