Expeditors International of Washington (NASDAQ:EXPD) Hits New 1-Year High – Time to Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) reached a new 52-week high on Monday. The company traded as high as $200.96 and last traded at $199.79, with a volume of 42,446 shares. The stock had previously closed at $198.85.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. BNP Paribas Exane initiated coverage on shares of Expeditors International of Washington in a report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 price objective for the company. Barclays raised their price target on Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, September 29th. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $175.27.

Expeditors International of Washington Price Performance

The firm’s fifty day simple moving average is $191.72 and its 200 day simple moving average is $167.05. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 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%. During the same period in the prior year, the firm posted $1.34 earnings per share. The company’s revenue was up 32.1% compared to the same quarter last year. Equities research analysts forecast 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Compass Wealth Management LLC acquired a new position in Expeditors International of Washington in the 3rd quarter worth about $27,000. Latitude Advisors LLC bought a new stake in Expeditors International of Washington in the third quarter worth approximately $27,000. Fortitude Family Office LLC grew its position in Expeditors International of Washington by 76.0% in 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 in the last quarter. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth $33,000. Finally, Continuum Advisory LLC bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

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.