Expeditors International of Washington (NASDAQ:EXPD) Stock Price Target Raised at JPMorgan Chase & Co.

by · The Cerbat Gem

Expeditors International of Washington (NASDAQ:EXPD – Free Report) had its target price increased by JPMorgan Chase & Co. from $200.00 to $214.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other equities analysts also recently issued reports on EXPD. BNP Paribas Exane initiated coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 price objective for the company. Robert W. Baird increased their target price on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, October 1st. Barclays raised their target price on Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, September 29th. Truist Financial upped their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $175.27.

View Our Latest Report on EXPD

Expeditors International of Washington Trading Up 0.8%

NASDAQ EXPD opened at $194.00 on Monday. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $195.32. The company has a 50 day moving average of $185.62 and a 200-day moving average of $167.41. The firm has a market cap of $25.22 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. On average, analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds have recently added to or reduced their stakes in EXPD. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Expeditors International of Washington by 6.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,946 shares of the transportation company’s stock valued at $480,000 after purchasing an additional 179 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Expeditors International of Washington by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the transportation company’s stock worth $180,578,000 after buying an additional 3,909 shares during the period. Andra AP fonden raised its stake in shares of Expeditors International of Washington by 151.0% during the second quarter. Andra AP fonden now owns 95,421 shares of the transportation company’s stock worth $15,552,000 after buying an additional 57,400 shares during the last quarter. State Street Corp raised its stake in shares of Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after buying an additional 109,798 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in Expeditors International of Washington in the second quarter valued at approximately $163,000. Institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

(Get Free Report)

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.

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