Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $245.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price raised by UBS Group from $220.00 to $245.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also issued reports on EXPD. Bank of America lifted their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Barclays upped their target price on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a research note on Wednesday. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Truist Financial increased their price target on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $181.27.

Expeditors International of Washington Stock Down 2.4%

Shares of NASDAQ:EXPD traded down $4.46 during midday trading on Wednesday, reaching $184.41. The company’s stock had a trading volume of 1,689,643 shares, compared to its average volume of 1,278,210. The firm has a 50 day moving average of $192.30 and a 200-day moving average of $167.88. Expeditors International of Washington has a 12-month low of $129.59 and a 12-month high of $207.93. The firm has a market capitalization of $23.97 billion, a P/E ratio of 32.24, a PEG ratio of 5.00 and a beta of 1.08.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.43. 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 earned $1.64 earnings per share. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. On average, research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, December 1st. This represents a yield of 79.0%. Expeditors International of Washington’s dividend payout ratio is currently 20.56%.

Institutional Trading of Expeditors International of Washington

Large investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in Expeditors International of Washington by 5.3% during the third quarter. Allworth Financial LP now owns 7,053 shares of the transportation company’s stock valued at $1,302,000 after purchasing an additional 358 shares during the period. Altar Rock LLC bought a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $220,000. Fifth Third Bancorp grew its position in Expeditors International of Washington by 2.5% in the 3rd quarter. Fifth Third Bancorp now owns 33,748 shares of the transportation company’s stock worth $6,231,000 after purchasing an additional 837 shares during the period. Maryland State Retirement & Pension System raised its stake in Expeditors International of Washington by 18.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 8,306 shares of the transportation company’s stock valued at $1,534,000 after buying an additional 1,274 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Expeditors International of Washington by 88.5% during the 3rd quarter. Ritholtz Wealth Management now owns 9,440 shares of the transportation company’s stock valued at $1,743,000 after buying an additional 4,431 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company Profile