Expeditors International of Washington (NASDAQ:EXPD) Now Covered by BNP Paribas Exane

Investment analysts at BNP Paribas Exane assumed coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage set a “neutral” rating and a $180.00 price target on the transportation company’s stock. BNP Paribas Exane’s price target suggests a potential downside of 4.26% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Truist Financial lifted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. TD Cowen increased their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective on the stock in a research note on Wednesday, August 5th. Finally, Bank of America upped their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.40.

Expeditors International of Washington Stock Down 0.3%

NASDAQ:EXPD opened at $188.01 on Wednesday. The stock’s 50 day moving average price is $184.45 and its 200 day moving average price is $166.08. The company has a market capitalization of $24.44 billion, a PE ratio of 32.87, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington has a 52-week low of $112.94 and a 52-week high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD) last released 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 return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the business earned $1.34 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Expeditors International of Washington in the 2nd quarter valued at $2,193,093,000. State Street Corp lifted its stake in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after acquiring an additional 109,798 shares during the period. Bank of America Corp DE boosted its holdings in shares of Expeditors International of Washington by 0.8% in the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock valued at $421,456,000 after acquiring an additional 21,400 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington by 2.7% in the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock valued at $365,021,000 after acquiring an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after acquiring an additional 195,351 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.