Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Upgraded by Zacks Research

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

Several other brokerages have also recently issued reports on EXPD. Barclays lifted their target price on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a research note on Wednesday. Bank of America increased 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 research report on Tuesday, July 21st. Truist Financial lifted their target price on Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday. TD Cowen upped their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $181.27.

Expeditors International of Washington Stock Down 4.7%

Shares of Expeditors International of Washington stock opened at $188.41 on Wednesday. The firm’s 50 day moving average price is $192.42 and its 200-day moving average price is $167.76. Expeditors International of Washington has a 52-week low of $129.59 and a 52-week high of $207.93. The company has a market cap of $24.49 billion, a P/E ratio of 32.94, a PEG ratio of 5.00 and a beta of 1.08.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 41.9% on a year-over-year basis. During the same period last year, the company posted $1.64 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after buying an additional 109,798 shares in the last quarter. Kentucky Retirement Systems lifted its position in shares of Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after acquiring an additional 8,367 shares during the period. Deutsche Bank AG acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $102,595,000. Allianz Asset Management GmbH increased its stake in Expeditors International of Washington by 44.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock valued at $99,801,000 after purchasing an additional 188,581 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Expeditors International of Washington by 40.6% in the 2nd quarter. Squarepoint Ops LLC now owns 173,669 shares of the transportation company’s stock valued at $28,305,000 after purchasing an additional 50,157 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: UBS raised its price target to $245 from $220 and maintained a Buy rating, signaling a more bullish view of EXPD. UBS target update
• Positive Sentiment: Zacks added EXPD to its Rank #1 (Strong Buy) list. Its latest reported quarter also beat EPS expectations, with $2.65 per share versus the $2.22 consensus, while revenue grew 41.9% year over year.
• Positive Sentiment: Expeditors declared a semi-annual cash dividend of $0.81 per share, payable December 15 to shareholders of record December 1. Dividend announcement
• Neutral Sentiment: JPMorgan lifted its target to $220 from $214 but kept a Neutral rating; Truist raised its target to $200 from $175 and maintained Hold. These increases are constructive, though neither firm adopted a Buy stance. JPMorgan target update
• Negative Sentiment: Barclays raised its target to $175 from $165 but retained an Underweight rating. A separate analyst roundup described the prevailing sell-side view as Hold, while coverage also raised the question of whether EXPD is fully valued after its results—potential reasons investors may remain cautious despite the earnings beat. Valuation discussion

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.