Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $176.00 at TD Cowen

Expeditors International of Washington (NASDAQ:EXPD) had its target price hoisted by equities research analysts at TD Cowen from $148.00 to $176.00 in a research note issued on Wednesday. The firm currently has a “sell” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential downside of 3.34% from the company’s previous close.

Several other brokerages also recently issued reports on EXPD. Barclays raised their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Bank of America boosted their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. 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 objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, UBS Group boosted their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $158.78.

Expeditors International of Washington Stock Up 6.7%

Shares of NASDAQ EXPD opened at $182.09 on Wednesday. The business has a 50-day moving average price of $167.32 and a 200 day moving average price of $156.65. The stock has a market cap of $23.82 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 52-week low of $112.94 and a 52-week high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the business earned $1.34 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently made changes to their positions in EXPD. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington during the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

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.