Stifel Nicolaus Forecasts Strong Price Appreciation for Expeditors International of Washington (NASDAQ:EXPD) Stock

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by investment analysts at Stifel Nicolaus from $114.00 to $130.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential downside of 5.31% from the stock’s previous close.

Several other brokerages have also commented on EXPD. Truist Financial increased their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a research report on Wednesday. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. UBS Group raised their price objective on Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $128.78.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $137.28 on Thursday. The business has a 50-day moving average of $121.97 and a two-hundred day moving average of $117.31. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $140.72.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NEOS Investment Management LLC lifted its holdings in Expeditors International of Washington by 47.3% in the third quarter. NEOS Investment Management LLC now owns 13,336 shares of the transportation company’s stock valued at $1,635,000 after acquiring an additional 4,285 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $434,000. Merit Financial Group LLC grew its position in Expeditors International of Washington by 20.0% during the third quarter. Merit Financial Group LLC now owns 2,450 shares of the transportation company’s stock worth $300,000 after buying an additional 408 shares during the period. Denali Advisors LLC purchased a new position in Expeditors International of Washington in the third quarter valued at about $234,000. Finally, Phillips Wealth Planners LLC purchased a new position in Expeditors International of Washington in the third quarter valued at about $328,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

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.