Barclays Issues Positive Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Key Points

• Barclays has raised its price target for Expeditors International of Washington from $105.00 to $110.00, while maintaining an "underweight" rating, indicating a potential downside of 9.43% from the stock's last close.
• Expeditors International has received a mix of ratings from analysts, with seven analysts suggesting a Hold rating and five recommending Sell, leading to an average rating of "Reduce" and a consensus target price of $114.78.
• The stock opened at $121.45 and has a market capitalization of $16.48 billion, highlighting its market presence despite fluctuating opinions from financial analysts.

Expeditors International of Washington (NASDAQ:EXPD - Free Report) had its price objective lifted by Barclays from $105.00 to $110.00 in a report published on Thursday,Benzinga reports. Barclays currently has an underweight rating on the transportation company's stock.

Other analysts have also recently issued reports about the company. Robert W. Baird started coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their target price for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. UBS Group increased their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Truist Financial raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of "Reduce" and an average price target of $114.78.

Expeditors International of Washington Trading Up 0.4%

Shares of NASDAQ:EXPD traded up $0.53 during mid-day trading on Thursday, reaching $124.71. The stock had a trading volume of 252,587 shares, compared to its average volume of 1,343,352. The firm has a 50 day simple moving average of $118.33 and a two-hundred day simple moving average of $115.26. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a market cap of $16.93 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares of the company's stock, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after buying an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock worth $1,971,000 after buying an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock worth $667,000 after buying an additional 834 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Expeditors International of Washington by 2.4% in the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock worth $1,249,000 after purchasing an additional 246 shares during the period. Finally, DAVENPORT & Co LLC bought a new position in shares of Expeditors International of Washington in the first quarter worth $203,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Company Profile

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.