Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $200.00

Key Points

• Robert W. Baird raised Expeditors International of Washington’s price target to $200 from $190 while maintaining a “neutral” rating, implying 8.27% upside from the stock’s $184.72 price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $173.09; ratings include two Strong Buys, two Buys, eight Holds and three Sells.
• Expeditors reported quarterly EPS of $2.03, beating expectations of $1.69, while revenue increased 32.1% year over year. Institutional investors own approximately 94.02% of the company’s shares.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its target price boosted by stock analysts at Robert W. Baird from $190.00 to $200.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Robert W. Baird's price objective indicates a potential upside of 8.27% from the company's current price.

A number of other analysts also recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday. They set a "neutral" rating and a $180.00 price target for the company. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus price target of $173.09.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $184.72 on Thursday. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $194.59. The company has a market capitalization of $24.01 billion, a PE ratio of 32.29, a P/E/G ratio of 5.00 and a beta of 1.06. The business has a 50-day moving average of $184.59 and a 200-day moving average of $166.38.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 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 period in the previous year, the business earned $1.34 EPS. The business's revenue was up 32.1% on a year-over-year basis. On average, equities analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently modified their holdings of EXPD. Envestnet Portfolio Solutions Inc. raised its stake in Expeditors International of Washington by 6.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,946 shares of the transportation company's stock worth $480,000 after acquiring an additional 179 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Expeditors International of Washington by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the transportation company's stock worth $180,578,000 after purchasing an additional 3,909 shares during the period. Andra AP fonden lifted its holdings in shares of Expeditors International of Washington by 151.0% in the 2nd quarter. Andra AP fonden now owns 95,421 shares of the transportation company's stock worth $15,552,000 after purchasing an additional 57,400 shares during the last quarter. State Street Corp lifted its holdings 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 worth $1,195,498,000 after purchasing an additional 109,798 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in Expeditors International of Washington during the 2nd quarter valued at approximately $163,000. Institutional investors own 94.02% of the company's stock.

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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