Expeditors International of Washington (NASDAQ:EXPD) PT Raised to $120.00 at Susquehanna

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by stock analysts at Susquehanna from $112.00 to $120.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 2.58% from the stock’s previous close.

A number of other research firms have also recently commented on EXPD. Bank of America assumed coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Finally, TD Cowen raised their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $112.13.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $116.98 on Wednesday. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 8.49 and a beta of 1.00. Expeditors International of Washington has a 52-week low of $107.03 and a 52-week high of $131.17. The company has a 50-day simple moving average of $117.67 and a two-hundred day simple moving average of $120.33.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. Expeditors International of Washington’s quarterly revenue was down 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. On average, sell-side analysts forecast that Expeditors International of Washington will post 4.75 EPS for the current fiscal year.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $27,000. CVA Family Office LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth $35,000. BKM Wealth Management LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth $37,000. Planned Solutions Inc. bought a new position in Expeditors International of Washington in the fourth quarter valued at $37,000. Finally, Fortitude Family Office LLC purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $38,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.