Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $95.00 at Morgan Stanley

Expeditors International of Washington (NASDAQ:EXPD) had its price target raised by equities researchers at Morgan Stanley from $90.00 to $95.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would indicate a potential downside of 36.08% from the stock’s previous close.

EXPD has been the subject of a number of other reports. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday, November 5th. Finally, Truist Financial upped their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Reduce” and an average target price of $128.20.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $2.84 during midday trading on Monday, hitting $148.63. The company’s stock had a trading volume of 320,582 shares, compared to its average volume of 1,350,617. Expeditors International of Washington has a 1-year low of $100.47 and a 1-year high of $151.67. The company has a 50-day moving average price of $130.73 and a two-hundred day moving average price of $121.94. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 5.00 and a beta of 1.15.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently modified their holdings of EXPD. Zions Bancorporation National Association UT bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $30,000. Vermillion & White Wealth Management Group LLC grew its holdings in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Expeditors International of Washington in the second quarter valued at $34,000. Community Bank N.A. acquired a new position in shares of Expeditors International of Washington during the third quarter valued at about $34,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Expeditors International of Washington during the first quarter valued at about $41,000. 94.02% of the stock is currently owned by institutional investors.

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.