Expeditors International of Washington (NASDAQ:EXPD) Given New $158.00 Price Target at Stifel Nicolaus

Expeditors International of Washington (NASDAQ:EXPD) had its target price boosted by Stifel Nicolaus from $154.00 to $158.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 11.34% from the company’s current price.

Several other research firms also recently issued reports on EXPD. Susquehanna lifted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Barclays raised their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $144.67.

Expeditors International of Washington Stock Up 1.5%

EXPD opened at $178.20 on Wednesday. The firm has a market capitalization of $23.31 billion, a P/E ratio of 31.15, a P/E/G ratio of 5.00 and a beta of 1.04. The firm’s 50 day moving average is $161.62 and its 200-day moving average is $154.52. Expeditors International of Washington has a 52-week low of $110.48 and a 52-week high of $178.64.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.38. 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 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. Equities analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 999 shares in the last quarter. Woodline Partners LP raised its position in shares of Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares in the last quarter. Focus Partners Wealth lifted its stake in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after purchasing an additional 255 shares during the period. Institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.