Susquehanna Issues Pessimistic Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its target price lowered by research analysts at Susquehanna from $160.00 to $142.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential downside of 1.88% from the stock’s current price.

Several other equities analysts have also weighed in on EXPD. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $144.72 on Wednesday. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $167.19. The business’s fifty day moving average is $155.63 and its 200-day moving average is $138.30. The stock has a market cap of $19.40 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Equities research analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at $28,000. Vermillion & White Wealth Management Group LLC grew its stake 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 in the last quarter. Bard Associates Inc. acquired a new position in Expeditors International of Washington in the 4th quarter worth about $32,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Expeditors International of Washington in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

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.