Expeditors International of Washington (NASDAQ:EXPD) Sets New 1-Year High – Still a Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $192.34 and last traded at $190.9250, with a volume of 104970 shares traded. The stock had previously closed at $189.32.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXPD. UBS Group upped their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Truist Financial upped their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Finally, TD Cowen lifted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Trading Up 1.4%

The business has a 50 day simple moving average of $180.29 and a 200-day simple moving average of $161.96. The stock has a market capitalization of $24.95 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 earnings per share. Research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $30,000. Hara Capital LLC acquired a new position in Expeditors International of Washington in the second quarter valued at $33,000. Finally, Continuum Advisory LLC purchased a new stake in Expeditors International of Washington during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.