Expeditors International of Washington (NASDAQ:EXPD) Sets New 1-Year High - Should You Buy?

Key Points

• Expeditors International shares reached a new 52-week high, trading as high as $200.66 and last changing hands at $196.88, above its prior close of $195.91.
• The company reported strong quarterly performance, with EPS of $2.03 beating estimates by $0.34 and revenue rising 32.1% year over year. Its return on equity was 36.16%, while analysts expect full-year EPS of $5.39.
• Despite bullish recommendations from some analysts and substantial institutional ownership of 94.02%, the consensus rating remains “Hold”, with an average price target of $175.27—below the current share price.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) shares hit a new 52-week high on Monday. The stock traded as high as $200.66 and last traded at $196.8750, with a volume of 1,278,423 shares. The stock had previously closed at $195.91.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EXPD shares. Stephens raised Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Barclays lifted their price objective on Expeditors International of Washington from $160.00 to $165.00 and gave the company an "underweight" rating in a research note on Tuesday, September 29th. 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 report on Wednesday, July 15th. Stifel Nicolaus boosted 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. Finally, Bank of America increased their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $175.27.

Expeditors International of Washington Stock Performance

The firm has a fifty day moving average of $189.23 and a 200-day moving average of $170.64. The stock has a market capitalization of $25.68 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 5.00 and a beta of 1.07.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Expeditors International of Washington during the second quarter worth approximately $2,193,093,000. Caisse de depot et placement du Quebec acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $169,665,000. Legal & General Group Plc bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $125,395,000. Bank of New York Mellon Corp bought a new stake in Expeditors International of Washington during the second quarter worth approximately $108,099,000. Finally, Deutsche Bank AG bought a new stake in Expeditors International of Washington during the second quarter worth approximately $102,595,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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