Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $150.00 at Barclays

Expeditors International of Washington (NASDAQ:EXPD) had its price target boosted by equities researchers at Barclays from $135.00 to $150.00 in a report released on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential downside of 7.10% from the company’s previous close.

EXPD has been the topic of several other reports. Susquehanna upped their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Truist Financial decreased their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Finally, UBS Group raised their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $138.80.

Expeditors International of Washington Price Performance

EXPD traded up $1.31 during trading on Thursday, hitting $161.47. The stock had a trading volume of 851,293 shares, compared to its average volume of 1,385,476. The company has a 50 day moving average price of $156.31 and a 200-day moving average price of $152.92. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington has a one year low of $110.48 and a one year high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the business posted $1.47 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Trading of Expeditors International of Washington

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 12.0% during the first quarter. Pacer Advisors Inc. now owns 405,100 shares of the transportation company’s stock worth $58,022,000 after buying an additional 43,422 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Expeditors International of Washington by 142.2% in the first quarter. Empowered Funds LLC now owns 55,922 shares of the transportation company’s stock worth $8,010,000 after acquiring an additional 32,829 shares during the period. DV Trading LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $215,000. Wellington Grp LLC boosted its position in Expeditors International of Washington by 9.8% during the first quarter. Wellington Grp LLC now owns 6,404 shares of the transportation company’s stock valued at $917,000 after acquiring an additional 569 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Expeditors International of Washington by 348.8% during the 1st quarter. Edgestream Partners L.P. now owns 14,371 shares of the transportation company’s stock worth $2,058,000 after acquiring an additional 11,169 shares during the period. 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.