Truist Financial Has Lowered Expectations for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price objective reduced by stock analysts at Truist Financial from $160.00 to $140.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Truist Financial’s price target indicates a potential downside of 3.26% from the company’s current price.

A number of other analysts have also weighed in on EXPD. Morgan Stanley upped their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. TD Cowen boosted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $144.72 on Wednesday. Expeditors International of Washington has a 52-week low of $100.47 and a 52-week high of $167.19. The stock’s 50-day simple moving average is $155.63 and its 200 day simple moving average is $138.30. The stock has a market capitalization of $19.40 billion, a price-to-earnings 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 posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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%.During the same quarter last year, the firm posted $1.68 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Expeditors International of Washington

Several hedge funds and other institutional investors have recently bought and sold shares of EXPD. Signaturefd LLC raised its stake in shares of Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after acquiring an additional 71 shares in the last quarter. RIA Advisory Group LLC grew its holdings in shares of Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after purchasing an additional 78 shares during the last quarter. Rossby Financial LCC grew its holdings in shares of Expeditors International of Washington by 9.3% during 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 last quarter. Claro Advisors Inc. raised its position in 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 worth $260,000 after purchasing an additional 83 shares during the period. Finally, HighPoint Advisor Group LLC lifted its stake in Expeditors International of Washington by 4.2% in the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.