Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by equities research analysts at Robert W. Baird from $190.00 to $200.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price objective indicates a potential upside of 8.27% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Truist Financial upped their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. TD Cowen raised their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays upped their price target on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $173.09.

Expeditors International of Washington Trading Down 1.8%

Shares of NASDAQ:EXPD opened at $184.72 on Thursday. The firm’s 50 day moving average is $184.59 and its two-hundred day moving average is $166.38. Expeditors International of Washington has a 52 week low of $112.94 and a 52 week high of $194.59. The firm has a market capitalization of $24.01 billion, a P/E ratio of 32.29, a PEG ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (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 quarter in the prior year, the firm earned $1.34 earnings per share. The business’s revenue was up 32.1% on a year-over-year basis. Analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXPD. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $30,000. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the second quarter worth approximately $33,000. Continuum Advisory LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $33,000. Bard Associates Inc. purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $32,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $53,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.