Goldman Sachs Group began coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a report released on Wednesday, Benzinga reports. The brokerage issued a sell rating and a $70.00 target price on the transportation company’s stock.
Several other brokerages have also weighed in on EXPD. Cowen reissued a buy rating and issued a $149.00 price objective on shares of Intercept Pharmaceuticals in a report on Wednesday, May 8th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Monday, May 27th. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the company a hold rating in a research note on Monday, May 20th. Finally, BidaskClub upgraded Zogenix from a sell rating to a hold rating in a research note on Thursday, May 9th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $73.29.
Shares of Expeditors International of Washington stock opened at $74.15 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 21.01 and a beta of 0.91. 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 50-day moving average price of $73.40.
Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.99 billion. Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that Expeditors International of Washington will post 3.45 EPS for the current year.
The business also recently announced a semiannual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.50 dividend. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.45. This represents a yield of 1.35%. The ex-dividend date was Friday, May 31st. Expeditors International of Washington’s payout ratio is presently 28.74%.
Hedge funds have recently modified their holdings of the business. Moody National Bank Trust Division acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $25,000. Rational Advisors LLC acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $30,000. CX Institutional acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $50,000. Osborn Williams & Donohoe LLC acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $55,000. Finally, NuWave Investment Management LLC acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $72,000. Institutional investors own 92.30% of the company’s stock.
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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