Analysts Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $116.00

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have earned a consensus rating of “Reduce” from the eleven research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $116.00.

EXPD has been the subject of several analyst reports. Robert W. Baird raised their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America increased their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $123.25 on Monday. Expeditors International of Washington has a 52 week low of $107.03 and a 52 week high of $131.17. The stock’s 50 day moving average price is $121.94 and its two-hundred day moving average price is $120.47. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Expeditors International of Washington will post 5.01 EPS for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently made changes to their positions in the company. Black Diamond Financial LLC increased its position in Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after buying an additional 89 shares during the period. Cape ANN Savings Bank raised its stake in Expeditors International of Washington by 2.9% in the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares in the last quarter. SkyOak Wealth LLC grew its position in shares of Expeditors International of Washington by 3.9% during the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after purchasing an additional 95 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after buying an additional 104 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.