Expeditors International of Washington (NASDAQ:EXPD) Reaches New 1-Year High on Analyst Upgrade

Key Points

• Expeditors shares reached a new 52-week high after JPMorgan raised its price target from $200 to $214, while maintaining a neutral rating.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a consensus price target of $175.27—below its recent trading level near $195.
• Institutional investors own 94.02% of the company, while Expeditors recently reported $2.03 in quarterly EPS, beating estimates of $1.69, alongside 32.1% year-over-year revenue growth.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) shares reached a new 52-week high on Monday after JPMorgan Chase & Co. raised their price target on the stock from $200.00 to $214.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Expeditors International of Washington traded as high as $195.32 and last traded at $194.9390, with a volume of 931467 shares traded. The stock had previously closed at $192.47.

Several other equities analysts have also recently weighed in on the stock. Bank of America raised their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Barclays increased their price objective 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. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Truist Financial boosted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $175.27.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Expeditors International of Washington by 6.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,946 shares of the transportation company's stock worth $480,000 after purchasing an additional 179 shares during the period. Envestnet Asset Management Inc. increased its position in Expeditors International of Washington by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the transportation company's stock valued at $180,578,000 after acquiring an additional 3,909 shares during the last quarter. Andra AP fonden raised its stake in shares of Expeditors International of Washington by 151.0% in the second quarter. Andra AP fonden now owns 95,421 shares of the transportation company's stock valued at $15,552,000 after acquiring an additional 57,400 shares during the period. State Street Corp raised its stake in shares of Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock valued at $1,195,498,000 after acquiring an additional 109,798 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $163,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 1.1%

The business's 50 day moving average is $185.16 and its 200 day moving average is $167.05. The stock has a market capitalization of $25.29 billion, a PE ratio of 34.04, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping 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 period last year, the company posted $1.34 EPS. Expeditors International of Washington's quarterly revenue was up 32.1% on a year-over-year basis. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

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.

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