Stifel Nicolaus Forecasts Strong Price Appreciation for Expeditors International of Washington (NASDAQ:EXPD) Stock

Expeditors International of Washington (NASDAQ:EXPD) had its price objective boosted by equities researchers at Stifel Nicolaus from $130.00 to $136.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 9.19% from the stock’s previous close.

A number of other research firms also recently commented on EXPD. Truist Financial lifted their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock in a research report on Wednesday, November 5th. Finally, UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $138.00 to $166.00 in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $128.80.

Expeditors International of Washington Trading Down 0.1%

Shares of NASDAQ:EXPD opened at $149.77 on Tuesday. Expeditors International of Washington has a 12-month low of $100.47 and a 12-month high of $155.04. The firm has a market cap of $20.07 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. The company has a fifty day simple moving average of $135.19 and a 200 day simple moving average of $123.96.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This represents a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC boosted its position in shares of 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 period. Atlantic Union Bankshares Corp bought a new stake in Expeditors International of Washington during the 2nd quarter valued at $34,000. Community Bank N.A. acquired a new position in Expeditors International of Washington during the 3rd quarter worth $34,000. Ransom Advisory Ltd bought a new position in shares of Expeditors International of Washington in the first quarter worth $41,000. Finally, Twin Tree Management LP acquired a new position in shares of Expeditors International of Washington during the first quarter valued at $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.