Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $191.00 at UBS Group

by · The Cerbat Gem

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) had its price target increased by research analysts at UBS Group from $175.00 to $191.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s target price indicates a potential upside of 16.20% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday. Susquehanna lifted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Barclays lifted their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $142.22.

Check Out Our Latest Report on EXPD

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $164.38 on Thursday. Expeditors International of Washington has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The company has a 50 day simple moving average of $159.65 and a two-hundred day simple moving average of $153.90. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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%.The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. On average, analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Beacon Investment Advisory Services Inc. raised its holdings in Expeditors International of Washington by 12.8% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 3,811 shares of the transportation company’s stock worth $621,000 after purchasing an additional 432 shares during the period. Cooper Financial Group bought a new stake in Expeditors International of Washington during the second quarter valued at about $205,000. Czech National Bank grew its holdings in Expeditors International of Washington by 2.0% during the second quarter. Czech National Bank now owns 37,228 shares of the transportation company’s stock valued at $6,067,000 after purchasing an additional 728 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Expeditors International of Washington by 8.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 29,534 shares of the transportation company’s stock worth $4,813,000 after buying an additional 2,176 shares in the last quarter. Finally, Apella Capital LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth about $201,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

(Get Free Report)

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.

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