Expeditors International of Washington (NASDAQ:EXPD) Given New $175.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target on Expeditors International of Washington to $175 from $166 and kept a buy rating, implying about 11.7% upside from the previous close.
• The stock traded up 3.1% to $156.63, while the company reported strong quarterly results with EPS of $1.71 versus the $1.33 estimate and revenue up 4.4% year over year.
• Analyst views remain mixed overall: MarketBeat data shows an average rating of "Reduce" with an average price target of $137.30, despite recent upgrades from some firms.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its target price hoisted by analysts at UBS Group from $166.00 to $175.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. UBS Group's price target would suggest a potential upside of 11.73% from the company's previous close.

EXPD has been the topic of a number of other reports. Wolfe Research raised Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Barclays upped their price objective on Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, January 15th. Truist Financial lowered their price target on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, February 25th. Bank of America upgraded Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. Finally, Susquehanna upped their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a "neutral" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $137.30.

Expeditors International of Washington Trading Up 3.1%

NASDAQ EXPD traded up $4.77 during trading hours on Friday, hitting $156.63. 1,026,237 shares of the company's stock traded hands, compared to its average volume of 1,433,811. The business's fifty day moving average price is $145.55 and its two-hundred day moving average price is $146.95. The firm has a market capitalization of $20.83 billion, a P/E ratio of 27.38, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 52 week low of $108.40 and a 52 week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 earnings per share. On average, sell-side analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPD. Oslo Pensjonsforsikring AS purchased a new stake in Expeditors International of Washington in the 1st quarter worth approximately $145,000. Baader Bank Aktiengesellschaft raised its position in Expeditors International of Washington by 33.0% during the first quarter. Baader Bank Aktiengesellschaft now owns 5,513 shares of the transportation company's stock worth $765,000 after acquiring an additional 1,368 shares during the period. Glenview Trust Co acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth about $201,000. Dimensional Fund Advisors LP lifted its position in shares of Expeditors International of Washington by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company's stock valued at $218,068,000 after acquiring an additional 37,795 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in Expeditors International of Washington in the 1st quarter valued at $4,952,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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