Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $210.00 at UBS Group

Expeditors International of Washington (NASDAQ:EXPD) had its target price increased by equities researchers at UBS Group from $191.00 to $210.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would suggest a potential upside of 15.67% from the company’s previous close.

Several other brokerages also recently issued reports on EXPD. Citizens Jmp began coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Barclays increased their price target on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Susquehanna lifted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.07 during trading hours on Wednesday, hitting $181.56. 1,650,362 shares of the stock were exchanged, compared to its average volume of 1,372,350. The stock has a market capitalization of $23.75 billion, a P/E ratio of 31.74, a P/E/G ratio of 5.00 and a beta of 1.04. The business’s 50-day moving average is $167.32 and its two-hundred day moving average is $156.65. Expeditors International of Washington has a 12 month low of $112.94 and a 12 month high of $187.74.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. On average, equities analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Expeditors International of Washington by 33.9% in the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after acquiring an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Key Stories Impacting Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: Strong Q2 earnings beat: Expeditors reported adjusted earnings of $2.03 per share, well above the $1.69 consensus estimate and up from $1.34 a year earlier. Revenue increased 32.1% year over year. Expeditors International Q2 Earnings Snapshot
• Positive Sentiment: Broad-based operating momentum: Results benefited from stronger airfreight demand, increased customs complexity and productivity gains, indicating strength across multiple parts of the logistics business. EXPD Q2 Earnings Beat Estimates
• Positive Sentiment: JPMorgan upgrade: JPMorgan raised EXPD from “underweight” to “neutral” and increased its price target to $200, implying additional upside from the referenced price. This removes a bearish rating overhang, though the new stance is not bullish.
• Neutral Sentiment: Healthy financial profile: Expeditors posted a 36.16% return on equity and a 7.64% net margin. However, its valuation remains relatively demanding, with a reported price-to-earnings ratio above 31.
• Negative Sentiment: Barclays remains bearish: Barclays lifted its target from $150 to $160 but maintained an “underweight” rating, leaving its target below the current trading level and signaling concerns about valuation or future growth.
• Negative Sentiment: TD Cowen maintains a sell rating: The firm raised its target from $148 to $176 but still expects modest downside, reinforcing the view that the recent earnings strength may already be reflected in EXPD’s valuation.

About Expeditors International of Washington

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.