Stifel Nicolaus Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $114.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by research analysts at Stifel Nicolaus from $112.00 to $114.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 3.36% from the stock’s previous close.

Several other analysts have also recently commented on EXPD. TD Cowen upped their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a report on Tuesday, May 14th. Bank of America began coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.25.

Expeditors International of Washington Stock Performance

EXPD stock opened at $117.96 on Thursday. Expeditors International of Washington has a 52 week low of $107.03 and a 52 week high of $131.17. The company’s 50-day simple moving average is $117.03 and its 200 day simple moving average is $120.87. The company has a market capitalization of $16.66 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 6.43 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. On average, analysts forecast that Expeditors International of Washington will post 4.82 EPS for the current year.

Insider Buying and Selling

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s 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 transaction, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXPD. Crewe Advisors LLC purchased a new stake in Expeditors International of Washington in the 1st quarter valued at $25,000. Optiver Holding B.V. bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $27,000. CVA Family Office LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth about $35,000. BKM Wealth Management LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth about $37,000. Finally, Planned Solutions Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $37,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.