Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Has Average Target Price of $175.27

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $175.27.

A number of equities analysts have recently weighed in on the stock. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. UBS Group boosted their price objective on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. BNP Paribas Exane began coverage on Expeditors International of Washington in a research note on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the stock a “neutral” rating in a research report on Monday.

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. BlackRock Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $2,193,093,000. Caisse de depot et placement du Quebec acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $169,665,000. Legal & General Group Plc bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $125,395,000. Bank of New York Mellon Corp bought a new stake in shares of Expeditors International of Washington during the second quarter worth $108,099,000. Finally, Deutsche Bank AG bought a new position in shares of Expeditors International of Washington in the second quarter worth about $102,595,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 1.6%

Shares of NASDAQ:EXPD opened at $193.89 on Tuesday. The company’s fifty day moving average is $186.97 and its two-hundred day moving average is $168.38. The company has a market cap of $25.20 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 12-month low of $112.94 and a 12-month high of $195.32.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was up 32.1% on a year-over-year basis. Equities research analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.