Expeditors International of Washington (NASDAQ:EXPD) Given New $165.00 Price Target at Barclays

Key Points

• Barclays raised its price target for Expeditors International of Washington from $160 to $165 but maintained an “underweight” rating, implying 12.52% downside from the stock’s $188.61 price.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $169.33, despite recent Buy and Strong Buy recommendations from several firms.
• Expeditors reported strong quarterly results, with EPS of $2.03 beating estimates of $1.69 and revenue rising 32.1% year over year. Institutional investors own 94.02% of the company’s shares.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price objective lifted by equities research analysts at Barclays from $160.00 to $165.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "underweight" rating on the transportation company's stock. Barclays's target price would indicate a potential downside of 12.52% from the stock's current price.

A number of other equities research analysts have also recently commented on EXPD. UBS Group increased their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Bank of America upped their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. TD Cowen lifted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, August 5th. Truist Financial boosted 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, Stifel Nicolaus upped their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $169.33.

Expeditors International of Washington Trading Up 0.6%

Shares of EXPD opened at $188.61 on Tuesday. The company's fifty day simple moving average is $184.26 and its 200-day simple moving average is $165.75. The company has a market cap of $24.52 billion, a P/E ratio of 32.97, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington has a twelve month low of $112.94 and a twelve month high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (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%.Expeditors International of Washington's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. Analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth about $32,000. Hara Capital LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter valued at about $33,000. Continuum Advisory LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $33,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Expeditors International of Washington in the 2nd quarter worth approximately $53,000. 94.02% of the stock is owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers' import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

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