Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $114.00

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price objective upped by investment analysts at Stifel Nicolaus from $112.00 to $114.00 in a report released on Thursday, Benzinga reports. The firm presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price target would suggest a potential downside of 2.23% from the company's previous close.

EXPD has been the topic of a number of other research reports. BNP Paribas raised Expeditors International of Washington from an "underperform" rating to a "neutral" rating and set a $112.00 price target on the stock in a research report on Tuesday, May 14th. Susquehanna upped their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, April 9th. Bank of America started coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a "neutral" rating and a $126.00 price objective on the stock. Finally, TD Cowen increased their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average price target of $111.25.

Expeditors International of Washington Stock Down 0.5 %

EXPD stock traded down $0.60 during midday trading on Thursday, hitting $116.60. The company's stock had a trading volume of 1,378,065 shares, compared to its average volume of 1,205,620. The stock's 50-day moving average price is $117.07 and its 200 day moving average price is $120.83. Expeditors International of Washington has a 1 year low of $107.03 and a 1 year high of $131.17. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 6.46 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The business's revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington will post 4.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey F. Dickerman sold 2,000 shares of the company's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company's stock.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors have recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of Expeditors International of Washington during the 1st quarter valued at about $25,000. Optiver Holding B.V. bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $27,000. CVA Family Office LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $35,000. BKM Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Finally, Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. 94.02% of the stock is currently owned by 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.