Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $189.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target increased by Bank of America from $181.00 to $189.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the company. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. UBS Group boosted their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Susquehanna increased their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Stock Down 0.7%

Shares of NASDAQ:EXPD opened at $176.28 on Tuesday. The company has a market cap of $23.06 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 5.00 and a beta of 1.04. The firm’s 50-day simple moving average is $165.08 and its 200-day simple moving average is $155.90. Expeditors International of Washington has a fifty-two week low of $110.48 and a fifty-two week high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 earnings per share. On average, research analysts forecast that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXPD. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth $30,000. Bard Associates Inc. acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

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.