Susquehanna Boosts Expeditors International of Washington (NASDAQ:EXPD) Price Target to $120.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective increased by equities research analysts at Susquehanna from $112.00 to $120.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 4.50% from the stock’s previous close.

Several other analysts have also recently commented on EXPD. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 target price for the company. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Finally, TD Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $112.13.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $114.83 on Wednesday. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.17. The firm’s 50 day simple moving average is $117.76 and its 200 day simple moving average is $120.38. The company has a market cap of $16.29 billion, a PE ratio of 22.97, a P/E/G ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. Equities research analysts expect that Expeditors International of Washington will post 4.75 EPS for the current year.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $27,000. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth $35,000. BKM Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $37,000. Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $37,000. Finally, Fortitude Family Office LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth about $38,000. 94.02% of the stock is owned by institutional investors.

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.