Expeditors International of Washington (NASDAQ:EXPD) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $157.40 and traded as high as $184.59. Expeditors International of Washington shares last traded at $184.04, with a volume of 858,853 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial boosted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Bank of America raised their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays boosted their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Stock Performance

The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.04. The business’s 50-day simple moving average is $170.31 and its 200-day simple moving average is $157.60.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Institutional Trading of Expeditors International of Washington

Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. bought a new stake in Expeditors International of Washington in the fourth quarter valued at about $32,000. Finally, Hara Capital LLC acquired a new position in Expeditors International of Washington in the second quarter valued at about $33,000. 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.