UBS Group Upgrades Expeditors International of Washington (NASDAQ:EXPD) to “Buy”

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Monday, MarketBeat reports. The firm currently has a $166.00 price objective on the transportation company’s stock, up from their previous price objective of $138.00. UBS Group’s price target would indicate a potential upside of 18.66% from the stock’s previous close.

Several other research firms have also commented on EXPD. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective for the company in a report on Wednesday, November 5th. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, November 6th. Finally, Truist Financial upped their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $131.89.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $139.90 on Monday. The firm’s fifty day moving average price is $124.62 and its 200-day moving average price is $118.94. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $143.02. The stock has a market cap of $18.75 billion, a P/E ratio of 24.46, a PEG ratio of 5.00 and a beta of 1.09.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Expeditors International of Washington during the second quarter worth about $34,000. Community Bank N.A. acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $34,000. Finally, Ransom Advisory Ltd purchased a new position in Expeditors International of Washington in the first quarter valued at $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.