Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $200.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective boosted by Robert W. Baird from $190.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the transportation company’s stock.

Several other research analysts also recently commented on EXPD. Barclays lifted their target price 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. Truist Financial increased their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. TD Cowen raised their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $174.00.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $192.45 on Thursday. Expeditors International of Washington has a 52-week low of $112.94 and a 52-week high of $194.59. The firm has a 50 day moving average price of $185.16 and a two-hundred day moving average price of $166.88. The stock has a market cap of $25.02 billion, a P/E ratio of 33.64, a price-to-earnings-growth 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, topping 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%. During the same quarter last year, the firm earned $1.34 EPS. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. Analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Expeditors International of Washington in the second quarter worth approximately $2,193,093,000. State Street Corp grew its position in shares of Expeditors International of Washington by 1.5% during the 2nd 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 period. Bank of America Corp DE increased its stake in shares of Expeditors International of Washington by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock valued at $421,456,000 after acquiring an additional 21,400 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Expeditors International of Washington by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock valued at $365,021,000 after acquiring an additional 57,823 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after acquiring an additional 195,351 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

More Expeditors International of Washington News

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: UBS became more bullish: UBS raised its price target from $210 to $220 and assigned a Buy rating, implying approximately 14% potential upside from the referenced price. The firm cited stronger ocean freight rates and airfreight growth as key potential catalysts. Expeditors Seen Benefiting From Stronger Ocean Rates and Airfreight Growth
• Positive Sentiment: Fundamental and capital-return support: Expeditors’ outlook is being supported by resilient airfreight demand, increased customs activity, efficiency initiatives, dividends and other shareholder returns. These factors may reinforce investor confidence in earnings durability. Expeditors’ Prospects Lifted by Dividends and Efficiency Initiatives
• Positive Sentiment: Additional analyst interest: Barclays reportedly sees strong potential appreciation in EXPD, adding to the broader positive analyst attention surrounding the shares. Barclays Forecasts Strong Price Appreciation for Expeditors
• Neutral Sentiment: Mixed valuation signal from Baird: Baird increased its price target from $190 to $200 but retained a Neutral rating, suggesting modest upside while maintaining a cautious view on valuation or execution. Baird Raises Expeditors Price Target While Maintaining Neutral Rating
• Neutral Sentiment: New coverage and compliance discussion: BNP Paribas Exane initiated coverage, while management discussed denied-party screening and related trade-compliance preparation. These developments may improve visibility but do not by themselves establish a clear earnings impact. BNP Paribas Exane Initiates Coverage Expeditors Discusses Denied Party Screening
• Negative Sentiment: Valuation remains a concern: A recent analysis questioned whether EXPD is approximately 4% overvalued and discussed a leadership change, which could limit upside or create execution uncertainty despite the positive analyst revisions. Expeditors on Leadership Change and Valuation

About Expeditors International of Washington

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.