Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $165.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target boosted by Barclays from $160.00 to $165.00 in a research report released on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

EXPD has been the subject of a number of other research reports. Bank of America increased their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note 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 target price for the company in a report on Wednesday, August 5th. Truist Financial lifted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, TD Cowen boosted their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $173.09.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $187.84 on Tuesday. Expeditors International of Washington has a 12 month low of $112.94 and a 12 month high of $194.59. The company has a market capitalization of $24.42 billion, a P/E ratio of 32.84, a PEG ratio of 5.00 and a beta of 1.06. The company’s 50 day simple moving average is $184.82 and its 200 day simple moving average is $166.70.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds have recently bought and sold shares of the business. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $30,000. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $33,000. Continuum Advisory LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $33,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $32,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Expeditors International of Washington during the second quarter valued at approximately $53,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

About Expeditors International of Washington

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.