Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Has Consensus Target Price of $175.27

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $175.27.

EXPD has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Robert W. Baird lifted their target price on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Bank of America boosted their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th.

Expeditors International of Washington Trading Down 0.4%

EXPD opened at $193.00 on Tuesday. The firm has a market capitalization of $25.09 billion, a PE ratio of 33.74, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a twelve month low of $112.94 and a twelve month high of $195.73. The firm’s 50-day moving average price is $187.48 and its 200 day moving average price is $168.55.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 earnings per share. As a group, analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kentucky Retirement Systems grew its position in shares of Expeditors International of Washington by 97.2% during the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after buying an additional 8,367 shares in the last quarter. State Street Corp increased its stake in shares of Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after buying an additional 109,798 shares during the period. Deutsche Bank AG acquired a new stake in Expeditors International of Washington in the second quarter valued at approximately $102,595,000. Midway Capital Research & Management acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $2,432,000. Finally, Allianz Asset Management GmbH raised its holdings in Expeditors International of Washington by 44.5% in the second quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock valued at $99,801,000 after acquiring an additional 188,581 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

About Expeditors International of Washington

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.