Expeditors International of Washington (NASDAQ:EXPD) Given New $110.00 Price Target at Barclays

Expeditors International of Washington (NASDAQ:EXPD) had its price objective lifted by analysts at Barclays from $105.00 to $110.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential downside of 4.30% from the company’s previous close.

A number of other research firms also recently weighed in on EXPD. Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded down $7.08 during mid-day trading on Wednesday, hitting $114.94. The stock had a trading volume of 408,930 shares, compared to its average volume of 1,208,717. The business has a 50 day moving average price of $122.56 and a two-hundred day moving average price of $121.29. The firm has a market cap of $16.22 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. Expeditors International of Washington has a 1 year low of $107.03 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. Equities research analysts predict that Expeditors International of Washington will post 5.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently modified their holdings of EXPD. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington in the first quarter valued at $25,000. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the third quarter valued at $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington in the second quarter valued at $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the second quarter valued at $35,000. Finally, ORG Partners LLC grew its holdings in shares of Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.