Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Has Average Target Price of $175.27 According to Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $175.27.

EXPD has been the topic of several research analyst reports. BNP Paribas Exane began coverage on Expeditors International of Washington in a report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 price objective on the stock. Robert W. Baird increased their target price on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Truist Financial lifted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Finally, Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXPD. BlackRock Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $2,193,093,000. State Street Corp boosted 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 valued at $1,195,498,000 after buying an additional 109,798 shares during the period. Bank of America Corp DE grew its position in shares of Expeditors International of Washington by 0.8% during the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after buying an additional 21,400 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Expeditors International of Washington by 2.7% during the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after buying an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 195,351 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $198.25 on Friday. Expeditors International of Washington has a fifty-two week low of $118.94 and a fifty-two week high of $200.66. The company has a 50 day moving average price of $191.72 and a 200 day moving average price of $167.05. The stock has a market capitalization of $25.77 billion, a P/E ratio of 34.66, a PEG ratio of 5.00 and a beta of 1.07.

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 analysts’ consensus estimates 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 in the previous year, the business earned $1.34 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. Research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

About Expeditors International of Washington

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.