C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) had its target price boosted by Stifel Nicolaus from $71.00 to $82.00 in a report published on Wednesday, MarketBeat.com reports. They currently have a hold rating on the transportation company’s stock.
Several other equities analysts have also weighed in on CHRW. BidaskClub upgraded shares of C.H. Robinson Worldwide from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Citigroup Inc. decreased their target price on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a neutral rating on the stock in a report on Thursday, July 13th. Bank of America Corporation decreased their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an underperform rating on the stock in a report on Thursday, July 20th. Barclays PLC reiterated a hold rating and issued a $67.00 target price (down from $73.00) on shares of C.H. Robinson Worldwide in a report on Friday, July 21st. Finally, Cowen and Company decreased their target price on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a market perform rating on the stock in a report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $77.00.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded down $0.11 on Wednesday, reaching $79.44. 2,327,213 shares of the company were exchanged, compared to its average volume of 1,678,177. The firm has a market capitalization of $11,147.50, a price-to-earnings ratio of 23.71, a PEG ratio of 2.75 and a beta of 0.44. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $81.35. The company has a quick ratio of 1.27, a current ratio of 1.24 and a debt-to-equity ratio of 0.55.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. C.H. Robinson Worldwide’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. equities analysts anticipate that C.H. Robinson Worldwide will post 3.3 EPS for the current year.
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In related news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CHRW. NEXT Financial Group Inc increased its stake in C.H. Robinson Worldwide by 7.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after buying an additional 209 shares during the period. Nicolet Bankshares Inc. purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $202,000. Integrated Investment Consultants LLC increased its stake in C.H. Robinson Worldwide by 39.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after buying an additional 750 shares during the period. Fox Run Management L.L.C. purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $205,000. Finally, Sawtooth Solutions LLC increased its stake in C.H. Robinson Worldwide by 2.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after buying an additional 73 shares during the period. 89.17% of the stock is currently owned by hedge funds and other institutional investors.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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