Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $175.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target raised by research analysts at Truist Financial from $145.00 to $175.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Truist Financial’s price objective points to a potential downside of 1.80% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. UBS Group raised their price target on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $148.56.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $178.20 on Wednesday. Expeditors International of Washington has a one year low of $110.48 and a one year high of $178.64. The firm has a market cap of $23.31 billion, a P/E ratio of 31.15, a P/E/G ratio of 5.00 and a beta of 1.04. The firm has a 50-day simple moving average of $161.62 and a 200-day simple moving average of $154.52.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after acquiring an additional 131 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

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.