Expeditors International of Washington (NASDAQ:EXPD) Upgraded by Stephens to “Strong-Buy” Rating

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by equities research analysts at Stephens to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Barclays upped their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group upped their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Susquehanna increased their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.44.

Expeditors International of Washington Trading Down 0.8%

Shares of Expeditors International of Washington stock opened at $164.38 on Wednesday. The firm has a market capitalization of $21.50 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm’s 50 day moving average is $159.65 and its 200 day moving average is $153.90. Expeditors International of Washington has a 1 year low of $110.48 and a 1 year high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the previous year, the business earned $1.47 EPS. The company’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Trading of Expeditors International of Washington

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares in the last quarter. Woodline Partners LP boosted its stake in Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares in the last quarter. Focus Partners Wealth grew its position in Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Expeditors International of Washington by 29.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after buying an additional 255 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.