Robert W. Baird Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $126.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price upped by analysts at Robert W. Baird from $118.00 to $126.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price objective suggests a potential upside of 1.74% from the stock’s current price.

Several other research analysts also recently issued reports on EXPD. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research report on Tuesday, May 14th. Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Susquehanna upped their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Finally, Bank of America upped their price target on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $113.44.

Expeditors International of Washington Stock Performance

EXPD opened at $123.85 on Wednesday. The firm’s 50-day simple moving average is $120.52 and its 200-day simple moving average is $121.88. Expeditors International of Washington has a twelve month low of $107.03 and a twelve month high of $131.17. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 5.64 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 4.89 EPS for the current fiscal year.

Insider Activity at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the sale, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

A number of large investors have recently bought and sold shares of EXPD. Crewe Advisors LLC bought a new stake in Expeditors International of Washington during the 1st quarter worth approximately $25,000. Optiver Holding B.V. bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $35,000. BKM Wealth Management LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $37,000. Finally, Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $37,000. 94.02% of the stock is owned by 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.