Expeditors International of Washington, Inc. (NASDAQ:EXPD) had its target price raised by Barclays PLC from $58.00 to $63.00 in a research note issued on Monday, October 2nd, MarketBeat.com reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays PLC’s target price would indicate a potential upside of 4.70% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Cowen and Company reiterated a “market perform” rating and issued a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $57.00.

Expeditors International of Washington (NASDAQ:EXPD) traded down 0.45% during midday trading on Monday, hitting $60.17. 655,064 shares of the stock were exchanged. The stock has a market cap of $10.88 billion, a PE ratio of 26.05 and a beta of 0.68. The company’s 50 day moving average is $58.10 and its 200-day moving average is $56.44. Expeditors International of Washington has a 1-year low of $47.23 and a 1-year high of $60.81.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, analysts expect that Expeditors International of Washington will post $2.31 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in EXPD. Mosaic Family Wealth LLC lifted its position in Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after buying an additional 93 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares during the period. Van ECK Associates Corp lifted its position in Expeditors International of Washington by 7.0% during the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after buying an additional 193 shares during the period. Pacer Advisors Inc. lifted its position in Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares during the period. Finally, Barings LLC purchased a new position in Expeditors International of Washington during the first quarter valued at $210,000. 93.48% of the stock is owned by institutional investors and hedge funds.

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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