Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, Bank of America Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its price objective increased by research analysts at Bank of America from $181.00 to $189.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target indicates a potential upside of 6.34% from the stock’s previous close.

A number of other equities analysts also recently issued reports on EXPD. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Truist Financial lifted their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective 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. Finally, Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $153.78.

Expeditors International of Washington Price Performance

EXPD stock opened at $177.74 on Tuesday. The business has a 50-day moving average price of $164.62 and a 200 day moving average price of $155.73. The company has a market capitalization of $23.25 billion, a P/E ratio of 31.07, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. On average, analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Expeditors International of Washington

Several large investors have recently added to or reduced their stakes in EXPD. Signaturefd LLC lifted its position in shares of Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after purchasing an additional 71 shares in the last quarter. Rossby Financial LCC grew its holdings in shares of Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares in the last quarter. Claro Advisors Inc. increased its stake in Expeditors International of Washington by 5.0% during the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after buying an additional 83 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after buying an additional 95 shares in the last quarter. Finally, Hardy Reed LLC boosted its position in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

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.