Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $175.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by Truist Financial from $145.00 to $175.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the stock. UBS Group upped their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays boosted their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.56.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $182.88 on Wednesday. The stock’s 50 day moving average price is $163.27 and its 200 day moving average price is $155.10. The firm has a market capitalization 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. Expeditors International of Washington has a one year low of $110.48 and a one year high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. On average, analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its position in Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 71 shares during the last quarter. RIA Advisory Group LLC raised its position in shares of Expeditors International of Washington by 2.7% in the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after acquiring an additional 78 shares in the last quarter. Rossby Financial LCC lifted its stake in shares of Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the period. Claro Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 95 shares in the last quarter. 94.02% of the stock is owned by 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.