Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) had its target price increased by analysts at Bank of America from $181.00 to $189.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target indicates a potential upside of 6.71% from the stock’s current price.
A number of other brokerages have also recently weighed in on EXPD. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. UBS Group upped their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus raised their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, Barclays boosted their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $153.78.
Read Our Latest Stock Report on Expeditors International of Washington
Expeditors International of Washington Stock Down 3.1%
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. As a group, equities research analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.
Institutional Investors Weigh In On Expeditors International of Washington
A number of large investors have recently modified their holdings of EXPD. Signaturefd LLC increased its position in shares of Expeditors International of Washington by 2.1% during the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after purchasing an additional 71 shares during the last quarter. Rossby Financial LCC boosted its holdings in shares of Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after buying an additional 83 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares in the last quarter. Finally, Hardy Reed LLC raised its position in Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.
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.
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