Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $168.7778.
Several equities research analysts have recently commented on the stock. UBS Group lifted their price target on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price for the company in a research report on Wednesday, August 5th. Barclays increased their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Truist Financial lifted their price objective on 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. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th.
Get Our Latest Research Report on Expeditors International of Washington
Expeditors International of Washington Price Performance
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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%. During the same quarter in the previous year, the business earned $1.34 EPS. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. Research analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.
Hedge Funds Weigh In On Expeditors International of Washington
Several institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its position in Expeditors International of Washington by 12,384.8% in the second quarter. California State Teachers Retirement System now owns 40,489,447 shares of the transportation company’s stock valued at $6,598,970,000 after purchasing an additional 40,165,136 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $2,193,093,000. State Street Corp grew its holdings in shares of Expeditors International of Washington by 5.2% in the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after acquiring an additional 377,703 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Expeditors International of Washington by 0.8% in the 2nd 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 in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in 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 in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.
About Expeditors International of Washington
Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.
Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.
Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.
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