Truist Financial Lowers Expeditors International of Washington (NASDAQ:EXPD) Price Target to $140.00

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) had its price target reduced by equities research analysts at Truist Financial from $160.00 to $140.00 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 0.53% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Finally, Stifel Nicolaus raised their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $134.30.

View Our Latest Report on EXPD

Expeditors International of Washington Price Performance

Shares of EXPD stock traded up $1.92 on Wednesday, hitting $140.75. 923,870 shares of the company’s stock were exchanged, compared to its average volume of 1,691,404. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $167.19. The stock has a market cap of $18.86 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. The company has a 50 day moving average of $155.91 and a 200 day moving average of $138.23.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. Sell-side analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds have recently bought and sold shares of the company. MidFirst Bank bought a new position in Expeditors International of Washington during the fourth quarter worth $149,000. Kera Capital Partners Inc. acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $274,000. Virtu Financial LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $1,263,000. MV Capital Management Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter worth about $3,146,000. Finally, Compound Planning Inc. grew its stake in shares of Expeditors International of Washington by 18.6% in the 4th quarter. Compound Planning Inc. now owns 2,331 shares of the transportation company’s stock valued at $347,000 after buying an additional 366 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington News Summary

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About Expeditors International of Washington

(Get Free Report)

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.

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