Expeditors International of Washington (NASDAQ:EXPD) Given New $131.00 Price Target at Bank of America

Expeditors International of Washington (NASDAQ:EXPDFree Report) had its target price hoisted by Bank of America from $126.00 to $131.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other analysts have also weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a hold rating in a research note on Thursday, May 23rd. BNP Paribas upgraded shares of Expeditors International of Washington from an underperform rating to a neutral rating and set a $112.00 target price for the company in a research note on Tuesday, May 14th. Susquehanna boosted their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, May 8th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a hold rating in a research note on Wednesday, May 8th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an underperform rating to a peer perform rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of Hold and a consensus price target of $111.88.

Check Out Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Price Performance

EXPD opened at $123.37 on Wednesday. The stock has a market capitalization of $17.43 billion, a PE ratio of 26.17, a P/E/G ratio of 6.78 and a beta of 0.99. The firm’s fifty day moving average price is $117.94 and its 200 day moving average price is $121.48. Expeditors International of Washington has a 12-month low of $107.03 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was down 14.9% on a year-over-year basis. On average, equities research analysts forecast that Expeditors International of Washington will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is currently 30.93%.

Insider Activity at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital Analysts LLC lifted its holdings in Expeditors International of Washington by 0.6% in the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock valued at $1,798,000 after acquiring an additional 80 shares during the last quarter. IMPACTfolio LLC lifted its stake in Expeditors International of Washington by 4.4% during the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock valued at $248,000 after buying an additional 82 shares in the last quarter. Wealthsource Partners LLC lifted its stake in Expeditors International of Washington by 3.3% during the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock valued at $376,000 after buying an additional 95 shares in the last quarter. Cape ANN Savings Bank lifted its stake in Expeditors International of Washington by 2.9% during the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after buying an additional 95 shares in the last quarter. Finally, SkyOak Wealth LLC lifted its stake in Expeditors International of Washington by 3.9% during the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after buying an additional 95 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

(Get Free Report)

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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