Truist Financial Issues Positive Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price target raised by Truist Financial from $145.00 to $175.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Barclays increased their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $148.56.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $177.63 on Wednesday. Expeditors International of Washington has a 1 year low of $110.48 and a 1 year high of $179.45. The firm has a market cap of $23.23 billion, a PE ratio of 31.05, a PEG ratio of 5.00 and a beta of 1.04. The company has a 50 day simple moving average of $162.15 and a two-hundred day simple moving average of $154.70.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS. As a group, research analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently made changes to their positions in EXPD. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares during 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 is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.