Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $134.30

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus rating of “Reduce” from the twelve analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $134.30.

Several research firms have weighed in on EXPD. Susquehanna dropped their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Truist Financial dropped their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Barclays raised their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Finally, Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th.

Expeditors International of Washington Trading Up 2.0%

NASDAQ:EXPD opened at $146.89 on Tuesday. The firm has a 50-day moving average price of $146.25 and a two-hundred day moving average price of $143.89. Expeditors International of Washington has a twelve month low of $103.76 and a twelve month high of $167.19. The company has a market capitalization of $19.53 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.68 earnings per share. Expeditors International of Washington’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently modified their holdings of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after buying an additional 3,420 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after buying an additional 1,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Expeditors International of Washington by 29.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after buying an additional 255 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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.