Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High – Should You Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares reached a new 52-week high on Tuesday . The company traded as high as $189.99 and last traded at $188.8950, with a volume of 303836 shares traded. The stock had previously closed at $187.83.

Analyst Ratings Changes

EXPD has been the topic of several recent research reports. Barclays raised their price target on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. UBS Group lifted their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Susquehanna upped 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, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Price Performance

The company has a market capitalization of $24.72 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a fifty day moving average price of $174.59 and a 200-day moving average price of $159.26.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the company earned $1.34 EPS. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently made changes to their positions in the business. Nilsine Partners LLC increased its position in shares of Expeditors International of Washington by 1.9% during the second quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company’s stock worth $658,000 after acquiring an additional 77 shares during the period. Rossby Financial LCC boosted its holdings in Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the period. Claro Advisors Inc. grew its stake in Expeditors International of Washington by 5.0% during the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after purchasing an additional 83 shares in the last quarter. Hardy Reed LLC grew its stake in Expeditors International of Washington by 2.8% during the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after purchasing an additional 95 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings in Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after purchasing an additional 96 shares during the period. 94.02% of the stock is currently owned by institutional investors.

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.