Expeditors International of Washington (NASDAQ:EXPD) Sets New 12-Month High - Still a Buy?

Key Points

• Expeditors International reached a new 52-week high, trading as high as $200.96, with a market capitalization of approximately $25.72 billion.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $175.27 target price, although JPMorgan raised its target to $214 and Stephens upgraded the stock to “Strong Buy.”
• The company exceeded quarterly earnings expectations, reporting $2.03 EPS versus a $1.69 estimate, while revenue increased 32.1% year over year; institutional investors own approximately 94% of outstanding shares.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) reached a new 52-week high on Monday. The company traded as high as $200.96 and last traded at $199.79, with a volume of 42,446 shares changing hands. The stock had previously closed at $198.85.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXPD. JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the stock a "neutral" rating in a report on Monday, October 5th. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Robert W. Baird boosted their price objective 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. Bank of America upped their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus raised 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. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $175.27.

Expeditors International of Washington Trading Down 0.5%

The business's 50 day moving average is $191.72 and its 200 day moving average is $167.05. The stock has a market capitalization of $25.72 billion, a PE ratio of 34.60, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping 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%. Expeditors International of Washington'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. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock valued at $1,195,498,000 after purchasing an additional 109,798 shares in the last quarter. Kentucky Retirement Systems lifted its position in Expeditors International of Washington by 97.2% during the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company's stock valued at $2,431,000 after buying an additional 8,367 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $102,595,000. Allianz Asset Management GmbH boosted its position in Expeditors International of Washington by 44.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company's stock worth $99,801,000 after purchasing an additional 188,581 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Expeditors International of Washington by 40.6% in the 2nd quarter. Squarepoint Ops LLC now owns 173,669 shares of the transportation company's stock valued at $28,305,000 after purchasing an additional 50,157 shares in the last quarter. Hedge funds and other 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 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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