C.H. Robinson Worldwide (CHRW) Price Target Cut to $86.00 b…

C.H. Robinson Worldwide (CHRW) Price Target Cut to $86.00 b…


C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective decreased by stock analysts at Stephens from $93.00 to $86.00 in a report released on Thursday, May 2nd, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target indicates a potential upside of 5.22% from the company’s previous close.

Several other brokerages also recently issued reports on CHRW. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Thursday, February 7th. Barclays raised their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. BidaskClub raised C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 3rd. Susquehanna Bancshares downgraded C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, Credit Suisse Group cut their price target on C.H. Robinson Worldwide from $86.00 to $80.00 and set an “underperform” rating for the company in a research note on Tuesday, January 15th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.33.

C.H. Robinson Worldwide stock traded down $0.95 during mid-day trading on Thursday, hitting $81.73. The company’s stock had a trading volume of 1,247,708 shares, compared to its average volume of 1,738,633. The company has a market cap of $11.36 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.85 and a beta of 0.65. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. C.H. Robinson Worldwide has a 52-week low of $77.72 and a 52-week high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide will post 4.96 earnings per share for the current fiscal year.

In related news, insider Angela K. Freeman sold 2,914 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $91.01, for a total value of $265,203.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.65% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of C.H. Robinson Worldwide by 21.8% in the 4th quarter. Northern Trust Corp now owns 2,085,816 shares of the transportation company’s stock valued at $175,396,000 after acquiring an additional 372,783 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of C.H. Robinson Worldwide by 46.4% in the 4th quarter. Squarepoint Ops LLC now owns 297,580 shares of the transportation company’s stock valued at $25,024,000 after acquiring an additional 94,353 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of C.H. Robinson Worldwide by 5.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,460 shares of the transportation company’s stock valued at $2,141,000 after acquiring an additional 1,235 shares in the last quarter. Capco Asset Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.4% in the 1st quarter. Capco Asset Management LLC now owns 150,093 shares of the transportation company’s stock valued at $13,057,000 after acquiring an additional 588 shares in the last quarter. Finally, NuWave Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $58,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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