Expeditors International of Washington (NASDAQ:EXPD) Upgraded at JPMorgan Chase & Co.

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Wednesday,Benzinga reports. The brokerage currently has a $200.00 price objective on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.84% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Bank of America upped their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, TD Cowen boosted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $166.67.

Expeditors International of Washington Stock Up 6.7%

Shares of NASDAQ:EXPD opened at $182.09 on Wednesday. The firm has a 50 day moving average of $167.32 and a 200 day moving average of $156.65. The company has a market capitalization of $23.82 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 52 week low of $112.94 and a 52 week high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis. On average, sell-side analysts expect that Expeditors International of Washington will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC raised its position in Expeditors International of Washington by 2.1% during the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after buying an additional 71 shares during the last quarter. Rossby Financial LCC raised its stake in shares of Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. raised its stake in shares of 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 valued at $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC lifted its holdings in shares of Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares during the period. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Expeditors International of Washington by 5.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.