Before You Invest In Expeditors International of Washington Inc. (NASDAQ:EXPD), Consider This Metric

Stocks of Expeditors International of Washington Inc. (NASDAQ:EXPD) traded higher last session on Wall Street, up 0.77% to $115.14.

According to the data, Expeditors International of Washington Inc. (NASDAQ:EXPD) has 17 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $120.00 and a low of $85.00, we find $100.00. Given the previous closing price of $114.26, this indicates a potential downside of -12.48 percent. EXPD stock price is now 3.17% away from the 50-day moving average and 8.49% away from the 200-day moving average. The market capitalization of the company currently stands at $17.21B.

A total of 10 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $100.85 as their price target over the next twelve months.

With the price target of $107, Exane BNP Paribas recently initiated with Neutral rating for Expeditors International of Washington Inc. (NASDAQ: EXPD).

In other news, Musser Jeffrey S, President and CEO sold 30,041 shares of the company’s stock on Jun 01. The stock was sold for $3,343,602 at an average price of $111.30. Upon completion of the transaction, the President and CEO now directly owns 116,587 shares in the company, valued at $13.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, Senior VP/Gen Counsel/Corp Sec Dickerman Jeffrey F sold 1,608 shares of the business’s stock. A total of $189,567 was realized by selling the stock at an average price of $117.89. This leaves the insider owning 5,484 shares of the company worth $0.63 million. Insiders disposed of 128,134 shares of company stock worth roughly $14.75 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in EXPD stock. A new stake in Expeditors International of Washington Inc. shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $70,747,000. FARMER STEVEN PATRICK invested $21,333,000 in shares of EXPD during the first quarter. In the first quarter, JUPITER ASSET MANAGEMENT LTD acquired a new stake in Expeditors International of Washington Inc. valued at approximately $15,904,000. JEFFERIES FINANCIAL GROUP INC. acquired a new stake in EXPD for approximately $14,485,000. EMPOWER ADVISORY GROUP, LLC purchased a new stake in EXPD valued at around $10,561,000 in the second quarter. In total, there are 1,133 active investors with 98.60% ownership of the company’s stock.

Tuesday’s opening bell rang with an opening price of $112.98 for Expeditors International of Washington Inc. (NASDAQ: EXPD). During the past 12 months, Expeditors International of Washington Inc. has had a low of $86.08 and a high of $119.90. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for EXPD is $111.82 and a two-hundred day moving average price translates $106.16 for the stock.

The latest earnings results from Expeditors International of Washington Inc. (NASDAQ: EXPD) was released for Mar, 2023. According to the Integrated Freight & Logistics Company, earnings per share came in at $1.45, beating analysts’ expectations of $1.33 by 0.12. This compares to $2.07 EPS in the same period last year. The net profit margin was 8.20% and return on equity was 37.30% for EXPD. The company reported revenue of $2.59 billion for the quarter, compared to $4.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.42 percent. For the current quarter, analysts expect EXPD to generate $2.75B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $0.69 dividend. On an annualized basis, this represents a $1.38 dividend and a 1.20% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, EXPD is presently at 17.40%.

Expeditors International of Washington Inc.(EXPD) 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. It also provides optimization, trade compliance, consulting, cargo security, and solutions. In addition, it acts as a freight consolidator or as an agent for the airline, which carries the shipment. Further, the company provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws. Its customers include retailing and wholesaling, electronics, technology, and industrial and manufacturing companies. The company was incorporated in 1979 and is headquartered in Seattle, Washington.