Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Lowered by Bank of America

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Friday, MarketBeat.com reports. They currently have a $118.00 target price on the transportation company’s stock, up from their previous target price of $117.00. Bank of America‘s price objective suggests a potential upside of 2.00% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Barclays lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday, May 7th. UBS Group lowered their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. TD Cowen dropped their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $115.69 on Friday. The firm has a fifty day moving average price of $114.10 and a two-hundred day moving average price of $113.50. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a one year low of $100.47 and a one year high of $131.59.

Institutional Trading of Expeditors International of Washington

Several institutional investors have recently added to or reduced their stakes in the business. Alpine Bank Wealth Management bought a new position in Expeditors International of Washington during the 1st quarter worth approximately $26,000. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $25,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington during the 1st quarter valued at $30,000. Garde Capital Inc. purchased a new stake in Expeditors International of Washington during the 1st quarter valued at $37,000. Finally, Ransom Advisory Ltd bought a new stake in Expeditors International of Washington in the 1st quarter worth $41,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.