Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, UBS Group Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by equities research analysts at UBS Group from $166.00 to $175.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target suggests a potential upside of 11.73% from the company’s previous close.

Several other equities research analysts have also weighed in on EXPD. Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Barclays raised their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. Finally, Susquehanna raised their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Reduce” and a consensus price target of $137.30.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $4.77 during trading hours on Friday, reaching $156.63. 1,026,237 shares of the company were exchanged, compared to its average volume of 1,433,811. The stock’s fifty day moving average is $145.55 and its 200 day moving average is $146.95. Expeditors International of Washington has a 1 year low of $108.40 and a 1 year high of $167.19. The firm has a market cap of $20.83 billion, a PE ratio of 27.38, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the firm posted $1.47 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently added to or reduced their stakes in the company. Oslo Pensjonsforsikring AS acquired a new position in Expeditors International of Washington during the 1st quarter worth approximately $145,000. Baader Bank Aktiengesellschaft boosted its stake in shares of Expeditors International of Washington by 33.0% in the first quarter. Baader Bank Aktiengesellschaft now owns 5,513 shares of the transportation company’s stock valued at $765,000 after buying an additional 1,368 shares in the last quarter. Glenview Trust Co acquired a new position in Expeditors International of Washington during the first quarter worth $201,000. Dimensional Fund Advisors LP raised its position in Expeditors International of Washington by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock worth $218,068,000 after acquiring an additional 37,795 shares in the last quarter. Finally, SEB Asset Management AB acquired a new stake in Expeditors International of Washington in the first quarter valued at $4,952,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.