Expeditors International of Washington (NASDAQ:EXPD) Upgraded at Zacks Research

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

A number of other equities analysts also recently issued reports on EXPD. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Barclays increased their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. UBS Group increased their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $156.63 on Thursday. The stock’s fifty day moving average is $145.55 and its 200 day moving average is $146.95. Expeditors International of Washington has a fifty-two week low of $108.40 and a fifty-two week high of $167.19. The firm has a market capitalization of $20.83 billion, a PE ratio of 27.38, a PEG ratio of 5.00 and a beta of 1.04.

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

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently added to or reduced their stakes in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares in the last quarter. Woodline Partners LP boosted its position in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after purchasing an additional 3,420 shares in the last quarter. Focus Partners Wealth boosted its position in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after purchasing an additional 1,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Expeditors International of Washington by 29.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 255 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.