Is Expeditors International of Washington, Inc. (EXPD) a Buy? The Stock Reaches 52-Week High Today

June 11, 2018 - By Stephen Andrade

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Logo

Investors sentiment increased to 0.94 in Q1 2018. Its up 0.02, from 0.92 in 2017Q4. It is positive, as 33 investors sold Expeditors International of Washington, Inc. shares while 175 reduced holdings. 49 funds opened positions while 147 raised stakes. 155.04 million shares or 0.64% more from 154.06 million shares in 2017Q4 were reported.
Employees Retirement Association Of Colorado reported 31,854 shares. New Mexico Educational Retirement Board holds 0.04% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 16,900 shares. Smithfield Tru Com holds 7,592 shares. Old Mutual Global Invsts (Uk) Limited invested in 37,009 shares. Lombard Odier Asset Mgmt (Switzerland) Sa has invested 0.21% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Wells Fargo & Mn accumulated 0.02% or 1.27M shares. Park Natl Oh, Ohio-based fund reported 4,413 shares. Wetherby Asset Inc reported 7,244 shares stake. Zevin Asset Management Lc reported 54,176 shares. 40,700 were accumulated by Quantitative Limited Com. First Interstate Bank reported 0.13% stake. Oppenheimer Company holds 55,412 shares or 0.09% of its portfolio. Farmers & Merchants Inc, a Nebraska-based fund reported 53,957 shares. Magnetar Fincl has invested 0.02% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Utd Asset Strategies invested in 0.79% or 42,555 shares.

Since February 26, 2018, it had 0 buys, and 9 sales for $3.14 million activity. $137,937 worth of Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares were sold by Musser Jeffrey S. $290,925 worth of stock was sold by Rostan Richard H on Friday, March 9. 12,103 Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares with value of $786,816 were sold by COUGHLIN PHILIP M. 5,000 shares valued at $330,400 were sold by Wall Daniel R on Tuesday, February 27. 2,437 shares were sold by McClincy Christopher J., worth $175,742 on Tuesday, May 15. 6,000 shares valued at $388,320 were sold by Emmert Mark A on Monday, March 12.

The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high and has $83.95 target or 9.00 % above today’s $77.02 share price. The 6 months bullish chart indicates low risk for the $13.45 billion company. The 1-year high was reported on Jun, 11 by Barchart.com. If the $83.95 price target is reached, the company will be worth $1.21B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.65% or $0.5 during the last trading session, reaching $77.02. About 176,700 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 38.58% since June 11, 2017 and is uptrending. It has outperformed by 26.01% the S&P500.

Analysts await Expeditors International of Washington, Inc. (NASDAQ:EXPD) to report earnings on August, 14. They expect $0.76 EPS, up 26.67 % or $0.16 from last year’s $0.6 per share. EXPD’s profit will be $132.76M for 25.34 P/E if the $0.76 EPS becomes a reality. After $0.76 actual EPS reported by Expeditors International of Washington, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Ratings Coverage

Among 8 analysts covering Expeditors International (NASDAQ:EXPD), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Expeditors International has $76 highest and $55 lowest target. $67.13’s average target is -12.84% below currents $77.02 stock price. Expeditors International had 11 analyst reports since January 8, 2018 according to SRatingsIntel. The firm has “Sell” rating by UBS given on Wednesday, February 21. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, February 21 report. The rating was maintained by Cowen & Co on Wednesday, February 21 with “Hold”. The rating was maintained by Robert W. Baird on Monday, June 4 with “Neutral”. The firm earned “Equal-Weight” rating on Monday, February 26 by Morgan Stanley. Stifel Nicolaus maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) on Wednesday, May 9 with “Hold” rating. Stephens maintained the stock with “Hold” rating in Monday, January 8 report. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) earned “Hold” rating by Stifel Nicolaus on Wednesday, February 21. On Wednesday, May 9 the stock rating was maintained by Credit Suisse with “Underperform”. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Thursday, January 18 by Stifel Nicolaus.

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $13.45 billion. The firm offers airfreight services, including air freight consolidation and forwarding; ocean freight and ocean services comprising 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, and other logistics solutions. It has a 28.63 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Institutional Positions Chart

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