Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High – What’s Next?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $189.99 and last traded at $188.8950, with a volume of 303836 shares. The stock had previously closed at $187.83.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXPD. Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Barclays lifted their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Truist Financial increased their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Finally, TD Cowen upped their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Performance

The stock has a market capitalization of $24.55 billion, a P/E ratio of 33.02, a PEG ratio of 5.00 and a beta of 1.04. The business has a fifty day simple moving average of $173.50 and a 200-day simple moving average of $158.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors have recently modified their holdings of EXPD. Nilsine Partners LLC raised its holdings in Expeditors International of Washington by 1.9% during the second quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company’s stock worth $658,000 after buying an additional 77 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. boosted its holdings in Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after purchasing an additional 83 shares during the last quarter. Hardy Reed LLC boosted its holdings in Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after purchasing an additional 95 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its position in Expeditors International of Washington by 5.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after purchasing an additional 96 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

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.