Expeditors International of Washington (EXPD) Price Target Raised to $65.00 at Cowen

Expeditors International of Washington (NASDAQ:EXPD) had its price target raised by Cowen from $58.00 to $65.00 in a research note released on Wednesday morning. They currently have a market perform rating on the transportation company’s stock.

EXPD has been the subject of several other research reports. BidaskClub downgraded shares of Expeditors International of Washington from a sell rating to a strong sell rating in a report on Saturday, January 6th. Barclays reissued a buy rating and set a $70.00 price target on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Credit Suisse Group boosted their price target on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the company an underperform rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a buy rating to a hold rating in a report on Wednesday, November 15th. Finally, Stifel Nicolaus reissued a hold rating and set a $68.00 price target on shares of Expeditors International of Washington in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Expeditors International of Washington presently has an average rating of Hold and an average target price of $64.13.

Expeditors International of Washington (EXPD) opened at $63.99 on Wednesday. Expeditors International of Washington has a 1-year low of $51.96 and a 1-year high of $67.54. The stock has a market cap of $11,005.13, a price-to-earnings ratio of 23.70, a PEG ratio of 2.79 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.85%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. research analysts anticipate that Expeditors International of Washington will post 2.78 earnings per share for the current fiscal year.

In related news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.78% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BTIM Corp. raised its stake in shares of Expeditors International of Washington by 0.5% during the fourth quarter. BTIM Corp. now owns 141,526 shares of the transportation company’s stock valued at $9,156,000 after purchasing an additional 762 shares in the last quarter. JLB & Associates Inc. raised its stake in shares of Expeditors International of Washington by 2.1% during the fourth quarter. JLB & Associates Inc. now owns 42,572 shares of the transportation company’s stock valued at $2,753,000 after purchasing an additional 861 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Expeditors International of Washington by 2.1% during the fourth quarter. BB&T Securities LLC now owns 43,346 shares of the transportation company’s stock valued at $2,804,000 after purchasing an additional 887 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Expeditors International of Washington by 6.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,933 shares of the transportation company’s stock valued at $898,000 after purchasing an additional 900 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Expeditors International of Washington by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 59,029 shares of the transportation company’s stock valued at $3,533,000 after purchasing an additional 904 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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