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

Expeditors International of Washington (NASDAQ:EXPD) had its price target upped by analysts at Barclays from $105.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential downside of 8.29% from the stock’s current price.

Several other analysts have also recently commented on the company. Bank of America boosted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen increased their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $115.00.

Expeditors International of Washington Stock Up 0.4 %

EXPD opened at $119.94 on Wednesday. The firm’s fifty day simple moving average is $122.45 and its two-hundred day simple moving average is $121.27. Expeditors International of Washington has a 52-week low of $110.01 and a 52-week high of $131.59. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm posted $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington will post 5.04 EPS for the current year.

Institutional Trading of Expeditors International of Washington

Institutional investors have recently made changes to their positions in the company. Swedbank AB acquired a new stake in Expeditors International of Washington during the first quarter worth $2,954,000. Banco Santander S.A. raised its holdings in Expeditors International of Washington by 141.0% in the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after buying an additional 52,603 shares during the period. Magnetar Financial LLC purchased a new stake in Expeditors International of Washington in the 1st quarter valued at about $1,305,000. Assenagon Asset Management S.A. lifted its position in Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after buying an additional 70,329 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Expeditors International of Washington by 439.5% during the first quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company’s stock worth $5,317,000 after buying an additional 35,629 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, 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.