Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High - What's Next?

Key Points

• Expeditors International shares reached a new 52-week high of $195.90, up about 1%, with the stock’s 50-day and 200-day moving averages at $187.94 and $169.12, respectively.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $175.27, despite UBS raising its target to $220 and maintaining a “Buy” rating.
• The company exceeded quarterly earnings expectations, reporting $2.03 in EPS versus the $1.69 consensus, while revenue increased 32.1% year over year; institutional investors own approximately 94% of the stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $195.90 and last traded at $195.6120, with a volume of 627,844 shares trading hands. The stock had previously closed at $193.41.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, October 2nd. Robert W. Baird boosted their target price on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, October 1st. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Barclays upped their target price on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the company an "underweight" rating in a report on Tuesday, September 29th. Finally, Citizens Jmp started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and an average target price of $175.27.

Expeditors International of Washington Stock Up 1.0%

The stock's 50 day moving average price is $187.94 and its 200-day moving average price is $169.12. The stock has a market capitalization of $25.41 billion, a PE ratio of 34.13, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the business posted $1.34 EPS. The business's quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds have recently made changes to their positions in the business. NorthCrest Asset Manangement LLC grew its position in Expeditors International of Washington by 20.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 12,644 shares of the transportation company's stock worth $2,449,000 after acquiring an additional 2,122 shares in the last quarter. GK Wealth Management LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at approximately $189,000. Wedmont Private Capital raised its position in Expeditors International of Washington by 5.4% during the third quarter. Wedmont Private Capital now owns 3,463 shares of the transportation company's stock valued at $671,000 after purchasing an additional 176 shares during the period. GAMMA Investing LLC lifted its stake in shares of Expeditors International of Washington by 11.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,513 shares of the transportation company's stock valued at $1,756,000 after purchasing an additional 988 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 4.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,422 shares of the transportation company's stock worth $632,000 after purchasing an additional 156 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.