Expeditors International of Washington (NASDAQ:EXPD) had its price objective hoisted by Credit Suisse Group from $56.00 to $63.00 in a report published on Tuesday morning. They currently have an underperform rating on the transportation company’s stock.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Expeditors International of Washington from a hold rating to a buy rating and set a $68.00 price target for the company in a report on Thursday, November 9th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They issued a neutral rating and a $59.00 price target for the company. Cowen reaffirmed a market perform rating and issued a $58.00 price target (up from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. UBS Group lifted their price target on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a sell rating in a report on Wednesday, November 8th. Finally, Barclays lifted their price target on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an overweight rating in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $61.13.

Expeditors International of Washington (NASDAQ:EXPD) traded up $0.60 during midday trading on Tuesday, hitting $66.07. 915,586 shares of the stock traded hands, compared to its average volume of 1,005,764. Expeditors International of Washington has a 1-year low of $51.57 and a 1-year high of $66.83. The firm has a market cap of $11,740.00, a price-to-earnings ratio of 27.76, a PEG ratio of 3.14 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. sell-side analysts expect that Expeditors International of Washington will post 2.41 earnings per share for the current year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.78% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EXPD. Janus Henderson Group PLC boosted its stake in Expeditors International of Washington by 24,524.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after purchasing an additional 4,767,490 shares during the period. APG Asset Management N.V. boosted its stake in Expeditors International of Washington by 115.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after purchasing an additional 766,900 shares during the period. Commonwealth Bank of Australia boosted its stake in Expeditors International of Washington by 21.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after purchasing an additional 624,542 shares during the period. Vanguard Group Inc. boosted its stake in Expeditors International of Washington by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after purchasing an additional 532,318 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in Expeditors International of Washington by 1,326.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 334,400 shares of the transportation company’s stock valued at $20,017,000 after purchasing an additional 310,958 shares during the period. 93.65% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/expeditors-international-of-washington-expd-pt-raised-to-63-00-at-credit-suisse-group/1811263.html.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.