Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Upgraded by Zacks Research

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

A number of other analysts also recently commented on EXPD. Truist Financial boosted their target price on Expeditors International of Washington from $175.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday. Stifel Nicolaus raised their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. UBS Group lifted their price target on Expeditors International of Washington from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays boosted their price objective on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, TD Cowen increased 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 research report on Wednesday, August 5th. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $181.27.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $188.41 on Wednesday. Expeditors International of Washington has a 1-year low of $129.59 and a 1-year high of $207.93. The company has a market cap of $24.49 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The stock’s 50 day moving average price is $192.42 and its 200 day moving average price is $167.76.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the prior year, the firm posted $1.64 earnings per share. Expeditors International of Washington’s revenue was up 41.9% on a year-over-year basis. On average, equities research analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Trading of Expeditors International of Washington

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in Expeditors International of Washington by 2.5% during the third quarter. Fifth Third Bancorp now owns 33,748 shares of the transportation company’s stock worth $6,231,000 after purchasing an additional 837 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Expeditors International of Washington by 18.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 8,306 shares of the transportation company’s stock valued at $1,534,000 after purchasing an additional 1,274 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Expeditors International of Washington by 88.5% in the 3rd quarter. Ritholtz Wealth Management now owns 9,440 shares of the transportation company’s stock valued at $1,743,000 after purchasing an additional 4,431 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $188,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $344,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington News Summary

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: UBS raised its price target to $245 from $220 and maintained a Buy rating, signaling a more bullish view of EXPD. UBS target update
• Positive Sentiment: Zacks added EXPD to its Rank #1 (Strong Buy) list. Its latest reported quarter also beat EPS expectations, with $2.65 per share versus the $2.22 consensus, while revenue grew 41.9% year over year.
• Positive Sentiment: Expeditors declared a semi-annual cash dividend of $0.81 per share, payable December 15 to shareholders of record December 1. Dividend announcement
• Neutral Sentiment: JPMorgan lifted its target to $220 from $214 but kept a Neutral rating; Truist raised its target to $200 from $175 and maintained Hold. These increases are constructive, though neither firm adopted a Buy stance. JPMorgan target update
• Negative Sentiment: Barclays raised its target to $175 from $165 but retained an Underweight rating. A separate analyst roundup described the prevailing sell-side view as Hold, while coverage also raised the question of whether EXPD is fully valued after its results—potential reasons investors may remain cautious despite the earnings beat. Valuation discussion

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.