Expeditors International of Washington (NASDAQ:EXPD) Stock Gets Price Target Boost from JPMorgan Chase & Co.

Key Points

• JPMorgan raised Expeditors International’s price target to $214 from $200 while maintaining a “neutral” rating, implying 11.25% potential upside.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $175.27; recommendations include two Strong Buys, two Buys, eight Holds and three Sells.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. The stock recently traded at $192.36, near its 52-week high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $200.00 to $214.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 11.25% from the stock's current price.

Other research analysts also recently issued reports about the stock. Barclays boosted their price objective on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the company an "underweight" rating in a research report on Tuesday, September 29th. Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. BNP Paribas Exane began coverage on shares of Expeditors International of Washington in a research report on Wednesday, September 30th. They set a "neutral" rating and a $180.00 target price on the stock. Finally, TD Cowen upped their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and an average price target of $175.27.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $0.11 on Monday, reaching $192.36. 371,104 shares of the company were exchanged, compared to its average volume of 1,270,735. The firm has a market cap of $25.01 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 5.00 and a beta of 1.07. The company's 50-day moving average is $185.16 and its two-hundred day moving average is $167.05. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $194.59.

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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter last year, the company earned $1.34 earnings per share. The firm's revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $32,000. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $33,000. Continuum Advisory LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $33,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Expeditors International of Washington in the second quarter valued at about $53,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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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