Truist Financial Issues Positive Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by Truist Financial from $120.00 to $130.00 in a research report report published on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

EXPD has been the subject of several other reports. UBS Group upped their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a report on Friday, October 10th. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price target for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $127.00.

Expeditors International of Washington Price Performance

EXPD stock opened at $138.12 on Wednesday. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $140.72. The firm has a market capitalization of $18.75 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a 50 day simple moving average of $121.37 and a 200-day simple moving average of $116.97.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.77 per share. This represents a dividend yield of 113.0%. The ex-dividend date is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 25.16%.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently modified their holdings of EXPD. DAVENPORT & Co LLC acquired a new position in Expeditors International of Washington in the 1st quarter valued at about $203,000. World Investment Advisors boosted its stake in shares of Expeditors International of Washington by 208.4% in the first quarter. World Investment Advisors now owns 7,530 shares of the transportation company’s stock valued at $905,000 after purchasing an additional 5,088 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Expeditors International of Washington by 4.1% in the first quarter. Concurrent Investment Advisors LLC now owns 3,071 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 120 shares in the last quarter. Penserra Capital Management LLC increased its stake in Expeditors International of Washington by 652.5% during the 1st quarter. Penserra Capital Management LLC now owns 7,517 shares of the transportation company’s stock worth $903,000 after buying an additional 6,518 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Expeditors International of Washington by 17.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,012,257 shares of the transportation company’s stock worth $121,724,000 after buying an additional 147,871 shares during the period. Hedge funds and other 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.