Stifel Nicolaus Issues Pessimistic Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price objective lowered by Stifel Nicolaus from $122.00 to $117.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other research analysts have also commented on EXPD. Bank of America reduced their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $114.27 on Thursday. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a 50-day moving average of $115.47 and a 200 day moving average of $119.67. The firm has a market cap of $16.00 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.82 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. Sell-side analysts anticipate that Expeditors International of Washington will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of EXPD. Boomfish Wealth Group LLC lifted its stake in Expeditors International of Washington by 4.4% during the 4th quarter. Boomfish Wealth Group LLC now owns 18,846 shares of the transportation company’s stock valued at $2,088,000 after acquiring an additional 794 shares during the period. OLD National Bancorp IN raised its holdings in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after purchasing an additional 113 shares during the last quarter. Busey Bank lifted its position in Expeditors International of Washington by 3.3% during the fourth quarter. Busey Bank now owns 96,659 shares of the transportation company’s stock valued at $10,707,000 after purchasing an additional 3,046 shares during the period. Drystone LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $5,925,000. Finally, Franklin Parlapiano Turner & Welch LLC grew its position in Expeditors International of Washington by 1.2% during the 4th quarter. Franklin Parlapiano Turner & Welch LLC now owns 66,792 shares of the transportation company’s stock worth $7,398,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.