Truist Financial Raises Expeditors International of Washington (NASDAQ:EXPD) Price Target to $130.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target lifted by equities researchers at Truist Financial from $120.00 to $130.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Truist Financial’s target price would suggest a potential downside of 4.39% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. UBS Group lifted their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a report on Friday, October 10th. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Finally, TD Cowen lifted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $119.33.

Expeditors International of Washington Stock Performance

EXPD opened at $135.97 on Wednesday. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $136.18. The company has a market capitalization of $18.45 billion, a P/E ratio of 23.77, a P/E/G ratio of 5.00 and a beta of 1.09. The stock has a fifty day moving average of $121.05 and a 200-day moving average of $116.82.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares of the company’s stock, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of 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 purchasing an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $34,000. Ransom Advisory Ltd acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $41,000. Finally, Twin Tree Management LP acquired a new position in shares of Expeditors International of Washington during the first quarter worth $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.