Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $120.00

Key Points

• Expeditors International's price target was raised from $117.00 to $120.00 by UBS Group, signaling a potential upside of 1.96% based on the stock's previous close.
• The company has a consensus rating of "Hold" among analysts, with five ratings for sell and eight for hold, along with a consensus target price of $114.22.
• Institutional investors own approximately 94.02% of Expeditors International's stock, highlighting strong institutional interest in the company.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price objective raised by equities research analysts at UBS Group from $117.00 to $120.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. UBS Group's price target indicates a potential upside of 1.96% from the stock's previous close.

EXPD has been the subject of several other reports. Truist Financial increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective for the company. TD Cowen cut their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $114.22.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.38 during midday trading on Wednesday, hitting $117.69. 319,931 shares of the company's stock were exchanged, compared to its average volume of 1,381,257. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $131.59. The firm has a 50-day moving average of $114.56 and a two-hundred day moving average of $113.92. The company has a market cap of $16.12 billion, a PE ratio of 20.60, a P/E/G ratio of 5.00 and a beta of 1.05.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $26,000. Zions Bancorporation National Association UT purchased a new position in Expeditors International of Washington in the first quarter worth $30,000. Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington in the second quarter worth $34,000. Finally, Garde Capital Inc. purchased a new position in Expeditors International of Washington in the first quarter worth $37,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

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