Expeditors International of Washington (NASDAQ:EXPD) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research note released on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $180.00 price objective on the transportation company’s stock.

EXPD has been the subject of several other research reports. UBS Group lifted their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays raised their price objective on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday. Truist Financial boosted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $174.00.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $192.45 on Wednesday. The business has a fifty day simple moving average of $185.16 and a two-hundred day simple moving average of $166.88. Expeditors International of Washington has a 1 year low of $112.94 and a 1 year high of $194.59. The company has a market capitalization of $25.02 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating 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%. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. As a group, equities analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

Hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its position 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 purchasing an additional 179 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $180,578,000 after purchasing an additional 3,909 shares in the last quarter. Andra AP fonden grew its holdings in shares of 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 grew its holdings in shares of 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 during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $163,000. 94.02% of the stock is owned by institutional investors.

Trending Headlines about Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: UBS became more bullish: UBS raised its price target from $210 to $220 and assigned a Buy rating, implying approximately 14% potential upside from the referenced price. The firm cited stronger ocean freight rates and airfreight growth as key potential catalysts. Expeditors Seen Benefiting From Stronger Ocean Rates and Airfreight Growth
• Positive Sentiment: Fundamental and capital-return support: Expeditors’ outlook is being supported by resilient airfreight demand, increased customs activity, efficiency initiatives, dividends and other shareholder returns. These factors may reinforce investor confidence in earnings durability. Expeditors’ Prospects Lifted by Dividends and Efficiency Initiatives
• Positive Sentiment: Additional analyst interest: Barclays reportedly sees strong potential appreciation in EXPD, adding to the broader positive analyst attention surrounding the shares. Barclays Forecasts Strong Price Appreciation for Expeditors
• Neutral Sentiment: Mixed valuation signal from Baird: Baird increased its price target from $190 to $200 but retained a Neutral rating, suggesting modest upside while maintaining a cautious view on valuation or execution. Baird Raises Expeditors Price Target While Maintaining Neutral Rating
• Neutral Sentiment: New coverage and compliance discussion: BNP Paribas Exane initiated coverage, while management discussed denied-party screening and related trade-compliance preparation. These developments may improve visibility but do not by themselves establish a clear earnings impact. BNP Paribas Exane Initiates Coverage Expeditors Discusses Denied Party Screening
• Negative Sentiment: Valuation remains a concern: A recent analysis questioned whether EXPD is approximately 4% overvalued and discussed a leadership change, which could limit upside or create execution uncertainty despite the positive analyst revisions. Expeditors on Leadership Change and Valuation

Expeditors International of Washington Company Profile

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.