Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $175.00 at UBS Group

Expeditors International of Washington (NASDAQ:EXPD) had its price target lifted by UBS Group from $166.00 to $175.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other analysts also recently issued research reports about the company. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Susquehanna upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays upped their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Price Performance

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

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping 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 last year, the company posted $1.47 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a yield of 106.0%. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently added to or reduced their stakes in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the period. Southpoint Capital Advisors LP bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $201,164,000. Norges Bank bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $180,719,000. Balyasny Asset Management L.P. bought a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $113,194,000. Finally, Wellington Management Group LLP boosted its stake in Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the period. Institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

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.