Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price objective boosted by JPMorgan Chase & Co. from $105.00 to $107.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 8.77% from the company's previous close.

EXPD has been the subject of several other research reports. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Barclays decreased their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird began coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price for the company. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, TD Cowen dropped their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $114.11.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded up $1.11 during trading hours on Tuesday, reaching $117.28. 657,820 shares of the company's stock were exchanged, compared to its average volume of 1,245,759. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a one year low of $100.47 and a one year high of $131.59. The company's 50-day moving average is $113.50 and its two-hundred day moving average is $113.33.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp raised its stake in Expeditors International of Washington by 11.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock worth $147,000 after purchasing an additional 140 shares in the last quarter. Keybank National Association OH grew its position in shares of Expeditors International of Washington by 4.7% during the 4th quarter. Keybank National Association OH now owns 3,452 shares of the transportation company's stock worth $382,000 after purchasing an additional 156 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $13,008,000. Raymond James Financial Inc. acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $36,865,000. Finally, Daiwa Securities Group Inc. grew its position in Expeditors International of Washington by 7.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,592 shares of the transportation company's stock worth $2,059,000 after buying an additional 1,307 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.