Expeditors International of Washington (NASDAQ:EXPD) Raised to “Strong-Buy” at Zacks Research

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on EXPD. Barclays lifted their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. UBS Group upped their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective 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. Susquehanna boosted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $156.63 on Thursday. The business’s 50-day moving average is $145.55 and its two-hundred day moving average is $146.95. The company has a market capitalization of $20.83 billion, a P/E ratio of 27.38, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a fifty-two week low of $108.40 and a fifty-two week high of $167.19.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after buying an additional 71 shares in the last quarter. RIA Advisory Group LLC increased its stake in Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after buying an additional 78 shares in the last quarter. Rossby Financial LCC raised its holdings in shares of Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 80 shares during the last quarter. Claro Advisors Inc. lifted its position in shares of Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 83 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its position in shares of Expeditors International of Washington by 4.2% in the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 84 shares in the last quarter. 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.