JPMorgan Chase & Co. Raises Expeditors International of Washington (NASDAQ:EXPD) Price Target to $134.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $116.00 to $134.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 3.20% from the stock’s previous close.

A number of other analysts have also recently weighed in on EXPD. UBS Group increased their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. TD Cowen increased their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, October 10th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a research report on Wednesday. Finally, Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $125.00.

Expeditors International of Washington Stock Up 2.0%

Shares of NASDAQ:EXPD traded up $2.70 on Wednesday, reaching $138.43. 1,784,620 shares of the company’s stock were exchanged, compared to its average volume of 1,334,093. The firm has a market capitalization of $18.79 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $140.72. The business’s 50-day moving average is $121.05 and its two-hundred day moving average is $116.82.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently bought and sold shares of EXPD. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $34,000. Ransom Advisory Ltd acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $41,000. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

About Expeditors International of Washington

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.