Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $220.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by UBS Group from $210.00 to $220.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also weighed in on the company. Truist Financial increased their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday. BNP Paribas Exane assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 target price for the company. JPMorgan Chase & Co. raised shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Finally, Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $174.00.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $192.45 on Friday. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $194.59. The company has a 50 day moving average price of $185.16 and a 200 day moving average price of $167.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating 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%.Expeditors International of Washington’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. On average, sell-side analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Expeditors International of Washington during the 2nd quarter valued at about $2,193,093,000. State Street Corp increased its holdings in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after purchasing an additional 109,798 shares during the period. Bank of America Corp DE lifted its position in shares of Expeditors International of Washington by 0.8% in the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after purchasing an additional 21,400 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Expeditors International of Washington by 2.7% in the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after purchasing an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after purchasing an additional 195,351 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington News Roundup

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

• Positive Sentiment: UBS became more bullish: UBS raised its price target from $210 to $220 and assigned a Buy rating, implying approximately 14% potential upside from the referenced price. The firm cited stronger ocean freight rates and airfreight growth as key potential catalysts. Expeditors Seen Benefiting From Stronger Ocean Rates and Airfreight Growth
• Positive Sentiment: Fundamental and capital-return support: Expeditors’ outlook is being supported by resilient airfreight demand, increased customs activity, efficiency initiatives, dividends and other shareholder returns. These factors may reinforce investor confidence in earnings durability. Expeditors’ Prospects Lifted by Dividends and Efficiency Initiatives
• Positive Sentiment: Additional analyst interest: Barclays reportedly sees strong potential appreciation in EXPD, adding to the broader positive analyst attention surrounding the shares. Barclays Forecasts Strong Price Appreciation for Expeditors
• Neutral Sentiment: Mixed valuation signal from Baird: Baird increased its price target from $190 to $200 but retained a Neutral rating, suggesting modest upside while maintaining a cautious view on valuation or execution. Baird Raises Expeditors Price Target While Maintaining Neutral Rating
• Neutral Sentiment: New coverage and compliance discussion: BNP Paribas Exane initiated coverage, while management discussed denied-party screening and related trade-compliance preparation. These developments may improve visibility but do not by themselves establish a clear earnings impact. BNP Paribas Exane Initiates Coverage Expeditors Discusses Denied Party Screening
• Negative Sentiment: Valuation remains a concern: A recent analysis questioned whether EXPD is approximately 4% overvalued and discussed a leadership change, which could limit upside or create execution uncertainty despite the positive analyst revisions. Expeditors on Leadership Change and Valuation

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.