Expeditors International of Washington (NASDAQ:EXPD) Reaches New 52-Week High – Should You Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares hit a new 52-week high on Tuesday. The stock traded as high as $195.90 and last traded at $195.6120, with a volume of 627,844 shares. The stock had previously closed at $193.41.

Analyst Ratings Changes

Several research firms have recently weighed in on EXPD. TD Cowen lifted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. BNP Paribas Exane started coverage on shares of Expeditors International of Washington in a research note on Wednesday, September 30th. They set a “neutral” rating and a $180.00 price target on the stock. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, UBS Group lifted their price objective on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $175.27.

Expeditors International of Washington Price Performance

The stock has a market cap of $25.63 billion, a P/E ratio of 34.43, a PEG ratio of 5.00 and a beta of 1.07. The firm’s fifty day moving average price is $188.49 and its two-hundred day moving average price is $169.86.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating 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%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its position in shares of Expeditors International of Washington by 912.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 166,811 shares of the transportation company’s stock worth $30,800,000 after buying an additional 150,328 shares during the last quarter. Ninety One UK Ltd bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $43,000. Ashurst Perkins Coie Trust Co bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $46,000. Mather Group LLC. raised its stake in Expeditors International of Washington by 6.4% during the third quarter. Mather Group LLC. now owns 1,051 shares of the transportation company’s stock worth $194,000 after acquiring an additional 63 shares during the period. Finally, Fortitude Family Office LLC raised its stake in Expeditors International of Washington by 76.0% during the third quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock worth $32,000 after acquiring an additional 76 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.