Expeditors International of Washington (NASDAQ:EXPD) Given New $160.00 Price Target at Barclays

Expeditors International of Washington (NASDAQ:EXPD) had its price target upped by Barclays from $150.00 to $160.00 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 indicates a potential downside of 12.13% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Bank of America boosted 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 note on Tuesday, July 21st. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. 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 report on Wednesday, May 6th. Susquehanna upped their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, TD Cowen raised their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $166.67.

Expeditors International of Washington Trading Up 6.7%

Shares of EXPD opened at $182.09 on Wednesday. The company has a market cap of $23.82 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $183.52. The company’s fifty day simple moving average is $167.32 and its 200 day simple moving average is $156.65.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping 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%. Expeditors International of Washington’s revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the company earned $1.34 EPS. As a group, research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXPD. State Street Corp lifted its position in Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after acquiring an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after purchasing an additional 32,063 shares during the period. Wellington Management Group LLP lifted its holdings in Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Expeditors International of Washington by 733.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Expeditors International of Washington by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock valued at $218,068,000 after buying an additional 37,795 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.