Several other research analysts have also commented on CHRW. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a hold rating in a research note on Wednesday. BidaskClub raised shares of C.H. Robinson Worldwide from a strong sell rating to a sell rating in a research note on Saturday, August 5th. Barclays PLC raised their price objective on shares of C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an equal weight rating in a research note on Monday, October 2nd. Cowen and Company lowered their price objective on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a market perform rating for the company in a research note on Friday, July 21st. Finally, BMO Capital Markets lowered shares of C.H. Robinson Worldwide from an outperform rating to a market perform rating and raised their price objective for the company from $72.00 to $77.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Four 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 a consensus rating of Hold and a consensus price target of $77.00.
C.H. Robinson Worldwide (NASDAQ CHRW) opened at $79.44 on Wednesday. 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 has a 12 month low of $63.41 and a 12 month high of $81.35. The company has a market cap of $11,147.50, a P/E ratio of 23.71, a PEG ratio of 2.75 and a beta of 0.44.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. sell-side analysts expect that C.H. Robinson Worldwide will post 3.3 EPS for the current year.
In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.85% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc raised its holdings in C.H. Robinson Worldwide by 7.8% during the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after purchasing an additional 209 shares in the last quarter. Nicolet Bankshares Inc. acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $202,000. Integrated Investment Consultants LLC raised its holdings in C.H. Robinson Worldwide by 39.0% during the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $205,000. Finally, Sawtooth Solutions LLC grew its position in shares of C.H. Robinson Worldwide by 2.5% during the second quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after acquiring an additional 73 shares during the last quarter. 89.17% of the stock is currently owned by institutional investors.
C.H. Robinson Worldwide Company Profile
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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