Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its price target lifted by analysts at Stifel Nicolaus from $114.00 to $130.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 5.88% from the company’s current price.

A number of other equities research analysts have also recently issued reports on EXPD. 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 report on Wednesday. UBS Group upped their price target on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Truist Financial upped their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Reduce” and an average target price of $128.78.

Expeditors International of Washington Trading Up 1.8%

Shares of NASDAQ:EXPD opened at $138.12 on Thursday. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $140.72. The firm has a fifty day moving average price of $121.37 and a 200 day moving average price of $116.97. The stock has a market capitalization of $18.75 billion, a PE ratio of 24.15, a P/E/G ratio of 5.00 and a beta of 1.09.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently added to or reduced their stakes in the stock. Legacy Financial Strategies LLC boosted its holdings in Expeditors International of Washington by 3.7% during the third quarter. Legacy Financial Strategies LLC now owns 23,478 shares of the transportation company’s stock valued at $2,878,000 after purchasing an additional 846 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in Expeditors International of Washington by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 56,587 shares of the transportation company’s stock valued at $6,937,000 after purchasing an additional 243 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Expeditors International of Washington by 256.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,793 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 1,290 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Expeditors International of Washington by 1.4% during the third quarter. Alps Advisors Inc. now owns 14,103 shares of the transportation company’s stock valued at $1,729,000 after purchasing an additional 192 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in Expeditors International of Washington by 19.9% during the third quarter. Portside Wealth Group LLC now owns 5,008 shares of the transportation company’s stock valued at $614,000 after purchasing an additional 831 shares in the last quarter. 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.