Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $160.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by Barclays from $150.00 to $160.00 in a research note issued to investors on Wednesday,Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

EXPD has been the topic of a number of other research reports. TD Cowen raised their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday. 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 report on Wednesday, May 6th. Citizens Jmp began coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $178.79 on Wednesday. Expeditors International of Washington has a fifty-two week low of $112.94 and a fifty-two week high of $187.74. The firm has a fifty day moving average price of $168.51 and a two-hundred day moving average price of $157.04. The firm has a market cap of $23.38 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. 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 prior year, the company earned $1.34 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, sell-side analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brendel Financial Advisors LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $4,213,000. Arjuna Capital raised its stake in Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after buying an additional 6,471 shares during the period. Swedbank AB lifted its holdings in shares of Expeditors International of Washington by 153.5% during the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after purchasing an additional 17,969 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Expeditors International of Washington by 128.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company’s stock valued at $10,507,000 after buying an additional 39,658 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in Expeditors International of Washington by 81.4% in the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock valued at $13,351,000 after acquiring an additional 40,200 shares in the last quarter. 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.