Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Raised to Strong-Buy at Zacks Research

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

EXPD has been the topic of a number of other reports. UBS Group boosted their price target on shares of Expeditors International of Washington from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, October 1st. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Truist Financial lifted their target price on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Citizens Jmp initiated coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $181.27.

Read Our Latest Stock Analysis on EXPD

Expeditors International of Washington Trading Down 4.7%

NASDAQ EXPD opened at $188.41 on Wednesday. The stock has a fifty day simple moving average of $192.42 and a 200-day simple moving average of $167.76. The stock has a market cap of $24.49 billion, a PE ratio of 32.94, a P/E/G ratio of 5.00 and a beta of 1.08. Expeditors International of Washington has a twelve month low of $129.59 and a twelve month high of $207.93.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.43. 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 41.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS. Research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Expeditors International of Washington during the second quarter worth approximately $2,193,093,000. State Street Corp lifted its stake in Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after buying an additional 109,798 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 valued at $421,456,000 after acquiring an additional 21,400 shares during the period. Baird Financial Group Inc. boosted its holdings 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 valued at $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 boosted its holdings in shares of Expeditors International of Washington by 10.0% in 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 during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington News Summary

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

  • Positive Sentiment: UBS raised its price target to $245 from $220 and maintained a Buy rating, signaling a more bullish view of EXPD. UBS target update
  • Positive Sentiment: Zacks added EXPD to its Rank #1 (Strong Buy) list. Its latest reported quarter also beat EPS expectations, with $2.65 per share versus the $2.22 consensus, while revenue grew 41.9% year over year.
  • Positive Sentiment: Expeditors declared a semi-annual cash dividend of $0.81 per share, payable December 15 to shareholders of record December 1. Dividend announcement
  • Neutral Sentiment: JPMorgan lifted its target to $220 from $214 but kept a Neutral rating; Truist raised its target to $200 from $175 and maintained Hold. These increases are constructive, though neither firm adopted a Buy stance. JPMorgan target update
  • Negative Sentiment: Barclays raised its target to $175 from $165 but retained an Underweight rating. A separate analyst roundup described the prevailing sell-side view as Hold, while coverage also raised the question of whether EXPD is fully valued after its results—potential reasons investors may remain cautious despite the earnings beat. Valuation discussion

About Expeditors International of Washington

(Get Free Report)

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

Further Reading

Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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