Stifel Nicolaus Cuts Expeditors International of Washington (NASDAQ:EXPD) Price Target to $114.00

Key Points

• Stifel Nicolaus has lowered its price target for Expeditors International of Washington (NASDAQ:EXPD) from $118.00 to $114.00, maintaining a "hold" rating, indicating a potential downside of 2.51% from its previous close.
• Other analysts have varying opinions, with UBS increasing their target to $120.00 and JPMorgan lowering it to $107.00, reflecting a divide in investor sentiment towards the stock.
• The stock has seen significant trading activity recently, with a current price of approximately $116.93 and a 52-week range between $100.47 and $129.15.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price target cut by Stifel Nicolaus from $118.00 to $114.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price objective would indicate a potential downside of 2.51% from the company's previous close.

EXPD has been the subject of a number of other reports. UBS Group increased their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Thursday, September 11th. Robert W. Baird began coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. Finally, Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the company from $117.00 to $118.00 in a report on Friday, July 11th. Seven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $114.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded up $0.71 during mid-day trading on Friday, hitting $116.93. 124,473 shares of the stock traded hands, compared to its average volume of 1,329,340. The stock has a fifty day moving average price of $120.82 and a 200-day moving average price of $115.76. Expeditors International of Washington has a 52 week low of $100.47 and a 52 week high of $129.15. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 5.00 and a beta of 1.09.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company's stock.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management bought a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC raised its holdings in Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company's stock worth $31,000 after buying an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $34,000. Finally, Garde Capital Inc. bought a new position in Expeditors International of Washington during the first quarter worth about $37,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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