Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $157.40 and traded as high as $184.59. Expeditors International of Washington shares last traded at $184.04, with a volume of 858,853 shares traded.
Analyst Ratings Changes
Several brokerages recently issued reports on EXPD. Barclays upped their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. UBS Group boosted their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Zacks Research upgraded Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. TD Cowen lifted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, August 5th. Finally, Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and an average target price of $168.78.
Check Out Our Latest Research Report on Expeditors International of Washington
Expeditors International of Washington Stock Performance
The stock has a 50 day moving average of $169.77 and a 200-day moving average of $157.40. The company has a market cap of $23.92 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.
Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.
Institutional Investors Weigh In On Expeditors International of Washington
A number of large investors have recently bought and sold shares of EXPD. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth $32,000. Finally, Hara Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter worth $33,000. Hedge funds and other institutional investors own 94.02% of the company's stock.
About Expeditors International of Washington
(
Get Free Report)
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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