Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $214.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by JPMorgan Chase & Co. from $200.00 to $214.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

EXPD has been the topic of several other reports. Bank of America raised their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Stifel Nicolaus upped their target price on shares of 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. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane started coverage on shares of Expeditors International of Washington in a report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $190.74 on Monday. The firm has a market capitalization of $24.79 billion, a P/E ratio of 33.35, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 52 week low of $112.94 and a 52 week high of $195.32. The stock has a 50 day moving average price of $186.43 and a two-hundred day moving average price of $168.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating 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%.The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. On average, equities analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kentucky Retirement Systems raised its holdings in Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after buying an additional 8,367 shares during the last quarter. State Street Corp boosted its holdings in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after buying an additional 109,798 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $102,595,000. Midway Capital Research & Management bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $2,432,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Expeditors International of Washington by 44.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock worth $99,801,000 after purchasing an additional 188,581 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.