Expeditors International of Washington (NASDAQ:EXPD) PT Raised to $120.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price raised by Susquehanna from $112.00 to $120.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities analysts have also weighed in on EXPD. Bank of America assumed coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a neutral rating and a $126.00 target price on the stock. BNP Paribas lowered shares of Expeditors International of Washington from a neutral rating to an underperform rating and set a $116.00 price objective on the stock. in a research note on Thursday, January 11th. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an underweight rating in a report on Tuesday, April 9th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a hold rating in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a hold rating in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $112.13.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $116.84 on Wednesday. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 8.49 and a beta of 1.00. The company has a 50 day moving average of $117.72 and a 200-day moving average of $120.35. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. Equities research analysts anticipate that Expeditors International of Washington will post 4.75 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds have recently modified their holdings of EXPD. Invesco Ltd. increased its holdings in Expeditors International of Washington by 11.2% during the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after buying an additional 273,388 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 2,686,745 shares of the transportation company’s stock worth $341,754,000 after purchasing an additional 25,580 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Expeditors International of Washington by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares during the period. Northern Trust Corp lifted its stake in Expeditors International of Washington by 7.9% in the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after purchasing an additional 159,712 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Expeditors International of Washington by 5.3% during the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock worth $220,524,000 after purchasing an additional 96,787 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.