Barclays Forecasts Strong Price Appreciation for Expeditors International of Washington (NASDAQ:EXPD) Stock

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by research analysts at Barclays from $135.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential downside of 7.10% from the company’s current price.

Several other analysts also recently commented on EXPD. JPMorgan Chase & Co. raised 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. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna increased their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, UBS Group lifted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.80.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded up $1.31 during trading hours on Thursday, reaching $161.47. 851,293 shares of the company were exchanged, compared to its average volume of 1,385,476. Expeditors International of Washington has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The stock’s fifty day moving average is $156.31 and its two-hundred day moving average is $152.92. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 5.00 and a beta of 1.05.

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

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in Expeditors International of Washington by 12.0% in the first quarter. Pacer Advisors Inc. now owns 405,100 shares of the transportation company’s stock valued at $58,022,000 after buying an additional 43,422 shares during the period. Empowered Funds LLC lifted its position in shares of Expeditors International of Washington by 142.2% in the first quarter. Empowered Funds LLC now owns 55,922 shares of the transportation company’s stock valued at $8,010,000 after buying an additional 32,829 shares during the last quarter. DV Trading LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $215,000. Wellington Grp LLC boosted its stake in shares of Expeditors International of Washington by 9.8% during the 1st quarter. Wellington Grp LLC now owns 6,404 shares of the transportation company’s stock worth $917,000 after acquiring an additional 569 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in shares of Expeditors International of Washington by 348.8% during the 1st quarter. Edgestream Partners L.P. now owns 14,371 shares of the transportation company’s stock worth $2,058,000 after acquiring an additional 11,169 shares during the period. 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.