Fintel reports that on March 15, 2024, B of A Securities initiated coverage of Expeditors International of Washington (NYSE:EXPD) with a Neutral recommendation.

Analyst Price Forecast Suggests 7.23% Downside

As of March 11, 2024, the average one-year price target for Expeditors International of Washington is 111.18. The forecasts range from a low of 84.84 to a high of $136.50. The average price target represents a decrease of 7.23% from its latest reported closing price of 119.85.

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The projected annual revenue for Expeditors International of Washington is 12,982MM, an increase of 39.59%. The projected annual non-GAAP EPS is 5.53.

What is the Fund Sentiment?

There are 1639 funds or institutions reporting positions in Expeditors International of Washington. This is an increase of 46 owner(s) or 2.89% in the last quarter. Average portfolio weight of all funds dedicated to EXPD is 0.25%, a decrease of 7.16%. Total shares owned by institutions decreased in the last three months by 3.80% to 154,631K shares. The put/call ratio of EXPD is 0.32, indicating a bullish outlook.

What are Other Shareholders Doing?

Loomis Sayles & Co L P holds 6,152K shares representing 4.28% ownership of the company. In it's prior filing, the firm reported owning 6,215K shares, representing a decrease of 1.03%. The firm decreased its portfolio allocation in EXPD by 66.82% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,550K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 4,594K shares, representing a decrease of 0.97%. The firm decreased its portfolio allocation in EXPD by 1.79% over the last quarter.

Geode Capital Management holds 3,593K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 3,736K shares, representing a decrease of 3.98%. The firm decreased its portfolio allocation in EXPD by 6.31% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 3,554K shares representing 2.47% ownership of the company. In it's prior filing, the firm reported owning 3,554K shares, representing an increase of 0.00%. The firm decreased its portfolio allocation in EXPD by 1.98% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,260K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 3,349K shares, representing a decrease of 2.74%. The firm decreased its portfolio allocation in EXPD by 3.47% over the last quarter.

Expeditors International Of Washington Background Information
(This description is provided by the company.)

Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.