Expeditors International of Washington (NASDAQ:EXPD) Now Covered by Analysts at BNP Paribas Exane

Key Points

• BNP Paribas Exane initiated coverage of Expeditors International of Washington with a “neutral” rating and a $180 price target, implying roughly 4.3% downside from the reported $188.01 share price.
• Analyst sentiment is broadly cautious: the stock has an average “Hold” rating and a consensus price target of $170.40, based on two strong-buy, two buy, seven hold and three sell ratings.
• Expeditors recently exceeded earnings expectations, reporting quarterly EPS of $2.03 versus a $1.69 consensus estimate, while revenue increased 32.1% year over year; institutional investors own approximately 94% of the shares.

Equities researchers at BNP Paribas Exane began coverage on shares of Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) in a research report issued on Wednesday, Benzinga reports. The brokerage set a "neutral" rating and a $180.00 price target on the transportation company's stock. BNP Paribas Exane's target price suggests a potential downside of 4.26% from the stock's current price.

Several other analysts have also recently issued reports on EXPD. Truist Financial increased their price target 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. Barclays upped their target price on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an "underweight" rating in a research note on Tuesday. TD Cowen increased 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 report on Wednesday, August 5th. Stifel Nicolaus raised 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 report on Wednesday, July 15th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $170.40.

Expeditors International of Washington Stock Down 0.3%

EXPD opened at $188.01 on Wednesday. Expeditors International of Washington has a 52 week low of $112.94 and a 52 week high of $194.59. The business has a fifty day simple moving average of $184.45 and a 200-day simple moving average of $166.08. The firm has a market cap of $24.44 billion, a P/E ratio of 32.87, a P/E/G ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $1.34 EPS. The company's quarterly revenue was up 32.1% compared to the same quarter last year. Sell-side analysts expect 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

Several institutional investors have recently modified their holdings of EXPD. BlackRock Inc. purchased a new stake in Expeditors International of Washington during the 2nd quarter worth about $2,193,093,000. State Street Corp increased its stake in Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock valued at $1,195,498,000 after purchasing an additional 109,798 shares during the last quarter. Bank of America Corp DE raised its holdings in 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 purchasing an additional 21,400 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company's stock valued at $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 boosted its holdings in shares of Expeditors International of Washington by 10.0% in the 2nd 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 valued at $351,273,000 after buying an additional 195,351 shares in the last quarter. 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.

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