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

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its target price boosted by research analysts at Susquehanna from $112.00 to $120.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 2.70% from the stock's current price.

Several other brokerages have also weighed in on EXPD. Stifel Nicolaus increased their price objective on shares of 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. Bank of America initiated coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a "neutral" rating and a $126.00 target price on the stock. TD Cowen lifted their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, April 9th. Finally, BNP Paribas downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 target price for the company. in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $112.13.

Expeditors International of Washington Stock Up 1.7 %

Shares of NASDAQ:EXPD traded up $1.94 during midday trading on Wednesday, hitting $116.84. The stock had a trading volume of 1,453,172 shares, compared to its average volume of 1,235,481. The business's 50-day simple moving average is $117.76 and its 200-day simple moving average is $120.38. Expeditors International of Washington has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a market cap of $16.58 billion, a P/E ratio of 22.97, a PEG ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The business's revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, equities analysts predict that Expeditors International of Washington will post 4.75 earnings per share for the current year.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EXPD. Inspire Investing LLC lifted its stake in Expeditors International of Washington by 8.9% during the first quarter. Inspire Investing LLC now owns 13,018 shares of the transportation company's stock worth $1,583,000 after purchasing an additional 1,066 shares during the last quarter. Sei Investments Co. lifted its position in shares of Expeditors International of Washington by 11.0% during the 1st quarter. Sei Investments Co. now owns 37,281 shares of the transportation company's stock worth $4,532,000 after buying an additional 3,687 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in Expeditors International of Washington by 10.6% in the first quarter. Atomi Financial Group Inc. now owns 1,753 shares of the transportation company's stock valued at $213,000 after buying an additional 168 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Expeditors International of Washington by 0.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company's stock valued at $2,775,000 after acquiring an additional 106 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Expeditors International of Washington by 439.5% in the first quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company's stock valued at $5,317,000 after acquiring an additional 35,629 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

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.