Expeditors International of Washington (NASDAQ:EXPD) Earns Hold Rating from Analysts at Truist Financial

Truist Financial started coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set a “hold” rating and a $110.00 price target on the transportation company’s stock. Truist Financial’s price objective indicates a potential downside of 4.59% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Price Performance

EXPD stock opened at $115.29 on Thursday. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 5.00 and a beta of 1.00. The business’s fifty day moving average price is $114.45 and its two-hundred day moving average price is $118.22. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Expeditors International of Washington

Large investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $39,000. Colonial Trust Co SC boosted its stake in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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.