Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, TD Cowen Analyst Says

by · The Cerbat Gem

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) had its price target boosted by equities research analysts at TD Cowen from $106.00 to $108.00 in a report issued on Wednesday, Briefing.com reports. The brokerage presently has a “sell” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential downside of 11.41% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Bank of America lifted their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $115.56.

Get Our Latest Stock Analysis on EXPD

Expeditors International of Washington Price Performance

Shares of EXPD opened at $121.91 on Wednesday. The company has a 50-day simple moving average of $122.57 and a two-hundred day simple moving average of $121.24. The firm has a market capitalization of $17.21 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts expect that Expeditors International of Washington will post 5.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. Parametrica Management Ltd bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at $302,000. MQS Management LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at $231,000. Victory Capital Management Inc. lifted its holdings in Expeditors International of Washington by 1.7% in the third quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company’s stock valued at $41,619,000 after acquiring an additional 5,438 shares during the period. Aigen Investment Management LP purchased a new position in Expeditors International of Washington in the third quarter worth about $304,000. Finally, Venturi Wealth Management LLC boosted its position in Expeditors International of Washington by 25.1% in the third quarter. Venturi Wealth Management LLC now owns 2,586 shares of the transportation company’s stock worth $340,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

(Get Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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