Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $131.00 at Bank of America

Expeditors International of Washington (NASDAQ:EXPDFree Report) had its price objective hoisted by Bank of America from $126.00 to $131.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research firms also recently weighed in on EXPD. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a hold rating in a report on Wednesday, May 8th. Wolfe Research raised Expeditors International of Washington from an underperform rating to a peer perform rating in a research note on Tuesday, May 28th. BNP Paribas raised Expeditors International of Washington from an underperform rating to a neutral rating and set a $112.00 price objective for the company in a research note on Tuesday, May 14th. Susquehanna upped their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an underweight rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $111.88.

Check Out Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $123.39 on Wednesday. Expeditors International of Washington has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The company has a market capitalization of $17.43 billion, a P/E ratio of 26.14, a PEG ratio of 5.79 and a beta of 0.99. The stock has a 50-day simple moving average of $118.06 and a 200-day simple moving average of $121.52.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was down 14.9% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington will post 4.89 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.73 per share. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, June 3rd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is presently 30.93%.

Insiders Place Their Bets

In related news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently modified their holdings of the company. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $25,000. Optiver Holding B.V. purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $27,000. CVA Family Office LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $35,000. BKM Wealth Management LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $37,000. Finally, Planned Solutions Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.