Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $200.00

Expeditors International of Washington (NASDAQ:EXPD – Free Report) had its price target boosted by Truist Financial from $175.00 to $200.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other brokerages have also issued reports on EXPD. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Bank of America raised their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays boosted their price target on 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. UBS Group upped their price objective on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.27.

View Our Latest Report on EXPD

Expeditors International of Washington Price Performance

NASDAQ EXPD traded down $4.46 on Wednesday, hitting $184.41. The stock had a trading volume of 1,689,643 shares, compared to its average volume of 1,278,210. The business’s fifty day moving average price is $192.30 and its 200 day moving average price is $167.88. Expeditors International of Washington has a 52-week low of $129.59 and a 52-week high of $207.93. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The business’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington’s payout ratio is 20.56%.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its stake in Expeditors International of Washington by 5.3% in the 3rd quarter. Allworth Financial LP now owns 7,053 shares of the transportation company’s stock worth $1,302,000 after acquiring an additional 358 shares during the last quarter. Altar Rock LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $220,000. Fifth Third Bancorp grew its stake in Expeditors International of Washington by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 33,748 shares of the transportation company’s stock valued at $6,231,000 after purchasing an additional 837 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Expeditors International of Washington by 18.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 8,306 shares of the transportation company’s stock valued at $1,534,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Expeditors International of Washington by 88.5% in the third quarter. Ritholtz Wealth Management now owns 9,440 shares of the transportation company’s stock valued at $1,743,000 after purchasing an additional 4,431 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

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