Expeditors International of Washington (NASDAQ:EXPD – Free Report) had its price objective lifted by UBS Group from $191.00 to $210.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.
EXPD has been the topic of a number of other research reports. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. TD Cowen upped their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday. Bank of America increased their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $168.78.
Get Our Latest Stock Analysis on Expeditors International of Washington
Expeditors International of Washington Trading Up 0.1%
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) 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. As a group, equities research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.
Hedge Funds Weigh In On Expeditors International of Washington
Several large investors have recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.
Expeditors International of Washington Company Profile
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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