JPMorgan Chase & Co. Boosts Expeditors International of Washington (NASDAQ:EXPD) Price Target to $107.00

Expeditors International of Washington (NASDAQ:EXPDFree Report) had its price target increased by JPMorgan Chase & Co. from $106.00 to $107.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. BNP Paribas lowered Expeditors International of Washington from a neutral rating to an underperform rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Stifel Nicolaus increased their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Finally, Bank of America began coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a neutral rating and a $126.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of Hold and an average price target of $108.63.

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Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $117.65 on Tuesday. The firm has a market capitalization of $16.69 billion, a PE ratio of 23.53, a P/E/G ratio of 8.76 and a beta of 0.99. The business has a 50-day moving average of $120.92 and a two-hundred day moving average of $120.52. Expeditors International of Washington has a 12 month low of $106.43 and a 12 month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.12). The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 earnings per share. As a group, research analysts anticipate that Expeditors International of Washington will post 4.74 earnings per share for the current year.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXPD. Optiver Holding B.V. bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $27,000. Quarry LP bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $30,000. Advisors Asset Management Inc. bought a new position in Expeditors International of Washington during the 3rd quarter worth approximately $29,000. First Horizon Advisors Inc. lifted its holdings in Expeditors International of Washington by 53.8% during the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after buying an additional 92 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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

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