Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $107.00

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $106.00 to $107.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "underweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price points to a potential downside of 11.61% from the company's current price.

A number of other equities analysts have also recently commented on EXPD. BNP Paribas cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 price target for the company. in a report on Thursday, January 11th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Finally, Bank of America initiated coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a "neutral" rating and a $126.00 target price for the company. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.63.

Expeditors International of Washington Trading Up 2.3 %

Expeditors International of Washington stock traded up $2.76 during trading hours on Tuesday, reaching $121.05. 1,376,938 shares of the stock were exchanged, compared to its average volume of 1,159,283. Expeditors International of Washington has a twelve month low of $104.83 and a twelve month high of $131.17. The company has a market cap of $17.17 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 8.74 and a beta of 0.99. The stock has a 50 day moving average of $121.31 and a two-hundred day moving average of $120.54.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.12). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business's revenue was down 33.8% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. On average, analysts expect that Expeditors International of Washington will post 4.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares of the company's stock, valued at $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.

Institutional Trading of Expeditors International of Washington

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP lifted its position in shares of Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company's stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the period. Norges Bank bought a new stake in Expeditors International of Washington during the fourth quarter valued at $133,106,000. Renaissance Technologies LLC boosted its position in Expeditors International of Washington by 1,025.5% during the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company's stock valued at $102,192,000 after acquiring an additional 902,600 shares during the last quarter. Select Equity Group L.P. grew its holdings in Expeditors International of Washington by 388.0% during the 4th quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company's stock worth $69,644,000 after acquiring an additional 532,835 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Expeditors International of Washington by 16.2% in the 1st quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company's stock worth $385,481,000 after acquiring an additional 488,561 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.