TD Cowen Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $112.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by equities researchers at TD Cowen from $111.00 to $112.00 in a note issued to investors on Wednesday, Briefing.com reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential downside of 2.46% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus raised their price objective 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. Bank of America assumed coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 target price for the company. Finally, BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.75.

Expeditors International of Washington Stock Down 0.7 %

EXPD opened at $114.83 on Wednesday. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 8.49 and a beta of 1.00. Expeditors International of Washington has a twelve month low of $107.03 and a twelve month high of $131.17. The company has a 50-day simple moving average of $117.76 and a 200 day simple moving average of $120.38.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.08. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 EPS. Sell-side analysts anticipate that Expeditors International of Washington will post 4.75 EPS for the current fiscal year.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds have recently modified their holdings of EXPD. Commonwealth Equity Services LLC raised its position in Expeditors International of Washington by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,899 shares of the transportation company’s stock worth $3,084,000 after purchasing an additional 511 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Expeditors International of Washington by 10.1% during the third quarter. Stratos Wealth Partners LTD. now owns 2,820 shares of the transportation company’s stock worth $323,000 after acquiring an additional 259 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Expeditors International of Washington by 5.3% in the third quarter. Brown Advisory Inc. now owns 3,522 shares of the transportation company’s stock worth $404,000 after acquiring an additional 178 shares during the period. IFM Investors Pty Ltd boosted its holdings in Expeditors International of Washington by 4.5% in the third quarter. IFM Investors Pty Ltd now owns 33,465 shares of the transportation company’s stock valued at $3,836,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Expeditors International of Washington by 1.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,264 shares of the transportation company’s stock valued at $13,557,000 after purchasing an additional 1,876 shares during the period. Institutional investors and hedge funds 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.