Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $158.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target lifted by Stifel Nicolaus from $154.00 to $158.00 in a report published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna boosted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group increased their price target on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Barclays raised their price target on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.56.

Expeditors International of Washington Stock Up 0.5%

Shares of EXPD stock opened at $182.88 on Wednesday. Expeditors International of Washington has a 52-week low of $110.48 and a 52-week high of $183.52. The stock has a market cap of $23.92 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The business has a 50-day simple moving average of $163.27 and a 200-day simple moving average of $155.10.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS. Sell-side analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Institutional Trading of Expeditors International of Washington

A number of institutional investors and hedge funds have recently made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington during the fourth quarter valued at $32,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 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.