Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $134.00 at JPMorgan Chase & Co.

Expeditors International of Washington (NASDAQ:EXPD) had its price objective raised by JPMorgan Chase & Co. from $116.00 to $134.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

Several other analysts also recently weighed in on the stock. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. TD Cowen lifted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, October 10th. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a report on Wednesday. Finally, Truist Financial boosted their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $127.00.

Expeditors International of Washington Stock Up 1.8%

Shares of NASDAQ:EXPD opened at $138.12 on Wednesday. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 5.00 and a beta of 1.09. The firm’s 50-day simple moving average is $121.37 and its 200-day simple moving average is $116.97. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $140.72.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 113.0%. Expeditors International of Washington’s dividend payout ratio is presently 25.16%.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently modified their holdings of EXPD. Zions Bancorporation National Association UT purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $41,000. Finally, Twin Tree Management LP purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.