Expeditors International of Washington (EXPD) Lowered to Sell at Goldman Sachs Group

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by equities researchers at Goldman Sachs Group to a “sell” rating in a report released on Friday. They presently have a $68.00 price target on the transportation company’s stock. Goldman Sachs Group’s price objective points to a potential downside of 8.48% from the company’s current price.

Several other research firms have also issued reports on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, Deutsche Bank assumed coverage on shares of Expeditors International of Washington in a report on Tuesday, September 4th. They set a “hold” rating and a $71.00 target price for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.40.

Shares of EXPD opened at $74.30 on Friday. Expeditors International of Washington has a one year low of $59.10 and a one year high of $78.16. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 2.92 and a beta of 0.79.



Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $0.66 earnings per share. Expeditors International of Washington’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Expeditors International of Washington will post 3.24 EPS for the current fiscal year.

In related news, VP Christopher J. Mcclincy sold 2,371 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $73.67, for a total transaction of $174,671.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey S. Musser sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $75.95, for a total transaction of $2,278,500.00. The disclosure for this sale can be found here. Insiders have sold 37,371 shares of company stock valued at $2,820,772 over the last quarter. Company insiders own 0.99% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Expeditors International of Washington by 3.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,027 shares of the transportation company’s stock valued at $1,976,000 after acquiring an additional 789 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Expeditors International of Washington by 14.0% during the third quarter. Daiwa Securities Group Inc. now owns 6,543 shares of the transportation company’s stock valued at $481,000 after acquiring an additional 806 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Expeditors International of Washington by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,632 shares of the transportation company’s stock valued at $2,473,000 after acquiring an additional 815 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Expeditors International of Washington by 1.9% during the third quarter. State of Alaska Department of Revenue now owns 46,234 shares of the transportation company’s stock valued at $3,397,000 after acquiring an additional 853 shares in the last quarter. Finally, Stone Ridge Asset Management LLC increased its position in shares of Expeditors International of Washington by 3.9% during the third quarter. Stone Ridge Asset Management LLC now owns 23,093 shares of the transportation company’s stock valued at $1,698,000 after acquiring an additional 860 shares in the last quarter. 93.58% of the stock is owned by institutional investors.

Expeditors International of Washington Company Profile

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

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