Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $220.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target increased by JPMorgan Chase & Co. from $214.00 to $220.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

EXPD has been the subject of a number of other reports. Stifel Nicolaus increased their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. BNP Paribas Exane assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 price target on the stock. Barclays upped their price target on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday. TD Cowen increased their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Finally, Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $181.27.

Expeditors International of Washington Stock Down 2.4%

NASDAQ EXPD traded down $4.46 during trading on Wednesday, hitting $184.41. 1,689,643 shares of the stock traded hands, compared to its average volume of 1,278,210. The company has a market capitalization of $23.97 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The firm has a 50-day simple moving average of $192.30 and a 200-day simple moving average of $167.88. Expeditors International of Washington has a 12-month low of $129.59 and a 12-month high of $207.93.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The company’s quarterly revenue was up 41.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. As a group, research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington’s payout ratio is currently 20.56%.

Institutional Trading of Expeditors International of Washington

Several hedge funds and other institutional investors have recently bought and sold shares of EXPD. Allworth Financial LP increased its position in Expeditors International of Washington by 5.3% during the third quarter. Allworth Financial LP now owns 7,053 shares of the transportation company’s stock valued at $1,302,000 after acquiring an additional 358 shares during the last quarter. Altar Rock LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $220,000. Fifth Third Bancorp lifted its holdings in shares of Expeditors International of Washington by 2.5% in the 3rd quarter. Fifth Third Bancorp now owns 33,748 shares of the transportation company’s stock worth $6,231,000 after acquiring an additional 837 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Expeditors International of Washington by 18.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 8,306 shares of the transportation company’s stock worth $1,534,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Expeditors International of Washington by 88.5% during the 3rd quarter. Ritholtz Wealth Management now owns 9,440 shares of the transportation company’s stock worth $1,743,000 after purchasing an additional 4,431 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile