Expeditors International of Washington (NASDAQ:EXPD) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from an underweight rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $200.00 price objective on the transportation company’s stock.

EXPD has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Truist Financial upped their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Barclays increased their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, UBS Group raised their price objective on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Price Performance

EXPD opened at $178.79 on Wednesday. Expeditors International of Washington has a fifty-two week low of $112.94 and a fifty-two week high of $187.74. The company’s 50 day moving average price is $168.51 and its two-hundred day moving average price is $157.04. The firm has a market capitalization of $23.38 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. As a group, equities research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Institutional Trading of Expeditors International of Washington

Several large investors have recently modified their holdings of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Expeditors International of Washington by 4.0% in 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 purchasing an additional 623 shares during the period. Jones Financial Companies Lllp raised its holdings 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 valued at $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP boosted its position in shares of Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares in the last quarter. Focus Partners Wealth boosted its position in shares of 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.