Expeditors International of Washington (NASDAQ:EXPD) Given New $110.00 Price Target at Barclays

Expeditors International of Washington (NASDAQ:EXPD) had its target price upped by research analysts at Barclays from $105.00 to $110.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential downside of 4.30% from the company’s current price.

EXPD has been the topic of several other reports. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $115.00.

Expeditors International of Washington Stock Down 5.8 %

NASDAQ EXPD traded down $7.08 on Wednesday, hitting $114.94. The company’s stock had a trading volume of 408,930 shares, compared to its average volume of 1,208,717. Expeditors International of Washington has a 1-year low of $107.03 and a 1-year high of $131.59. The company’s 50-day moving average is $122.56 and its 200 day moving average is $121.29. The firm has a market cap of $16.22 billion, a PE ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities analysts expect that Expeditors International of Washington will post 5.04 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds have recently bought and sold shares of the stock. Huntington National Bank lifted its position in Expeditors International of Washington by 7.4% during the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 127 shares during the last quarter. KBC Group NV lifted its holdings in shares of Expeditors International of Washington by 3.5% in the 3rd quarter. KBC Group NV now owns 36,267 shares of the transportation company’s stock worth $4,765,000 after acquiring an additional 1,225 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $302,000. MQS Management LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $231,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Expeditors International of Washington by 1.7% in the 3rd quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company’s stock worth $41,619,000 after acquiring an additional 5,438 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.