Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High – What’s Next?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $195.90 and last traded at $195.6120, with a volume of 627,844 shares traded. The stock had previously closed at $193.41.

Analyst Ratings Changes

A number of research analysts have weighed in on EXPD shares. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Stifel Nicolaus raised 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 report on Wednesday, July 15th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Barclays lifted their price target on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 29th. Finally, Bank of America upped their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $175.27.

Expeditors International of Washington Trading Up 1.0%

The stock has a market capitalization of $25.41 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The stock has a 50 day moving average of $187.94 and a 200-day moving average of $169.12.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 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%. During the same period in the prior year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EXPD. BlackRock Inc. bought a new stake in Expeditors International of Washington during the 2nd quarter valued at about $2,193,093,000. State Street Corp grew its stake in 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 worth $1,195,498,000 after acquiring an additional 109,798 shares in the last quarter. Bank of America Corp DE increased its position in shares of Expeditors International of Washington by 0.8% during 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 acquiring an additional 21,400 shares during the period. Baird Financial Group Inc. increased its position in shares of Expeditors International of Washington by 2.7% during the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after acquiring an additional 57,823 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $351,273,000 after acquiring an additional 195,351 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

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.