Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $165.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target boosted by Barclays from $160.00 to $165.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price points to a potential downside of 12.52% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upped their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research note on Wednesday, August 5th. Truist Financial upped their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Citizens Jmp began coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $169.33.

Expeditors International of Washington Stock Up 0.6%

Shares of Expeditors International of Washington stock opened at $188.61 on Tuesday. Expeditors International of Washington has a 52 week low of $112.94 and a 52 week high of $194.59. The business’s fifty day simple moving average is $184.26 and its 200-day simple moving average is $165.75. The firm has a market cap of $24.52 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the company posted $1.34 EPS. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Trading of Expeditors International of Washington

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Expeditors International of Washington by 6.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,946 shares of the transportation company’s stock valued at $480,000 after buying an additional 179 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Expeditors International of Washington by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the transportation company’s stock worth $180,578,000 after purchasing an additional 3,909 shares during the last quarter. Andra AP fonden raised its holdings in Expeditors International of Washington by 151.0% during the second quarter. Andra AP fonden now owns 95,421 shares of the transportation company’s stock worth $15,552,000 after purchasing an additional 57,400 shares during the last quarter. State Street Corp boosted its position in Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after purchasing an additional 109,798 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in Expeditors International of Washington in the second quarter valued at $163,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.