CH Robinson Worldwide (NASDAQ:CHRW – Get Note) saw its target price raised by Cowen from $109.00 to $123.00 in a research report released Thursday, Stock Target Advisor reports. The company currently has an “outperform” rating on shares of the transportation company. Cowen’s price target indicates a potential upside of 15.87% from the current stock price.
Several other analysts also commented on CHRW. Wolfe Research raised its price target on CH Robinson Worldwide shares from $109.00 to $115.00 and gave the company an “outperform” rating in a Tuesday, April 5 research report. Stifel Nicolaus moved shares of CH Robinson Worldwide from a “hold” rating to a “buy” rating and raised his price target for the company from $102.00 to $106.00 in a research note from the Thursday, February 3. StockNews.com began covering CH Robinson Worldwide shares in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Cowen raised its price target on CH Robinson Worldwide shares from $109.00 to $123.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. raised its price target on CH Robinson Worldwide shares from $117.00 to $120.00 in a research note on Thursday. Three analysts gave the stock a sell rating, seven issued a hold rating and ten gave the company a buy rating. According to MarketBeat.com, CH Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $107.70.
CHRW stock opened at $106.15 on Thursday. The company’s 50-day simple moving average is $102.97 and its 200-day simple moving average is $100.48. The company has a market capitalization of $13.66 billion, a PE ratio of 16.82, a P/E/G ratio of 1.79 and a beta of 0.77. CH Robinson Worldwide has a 12-month low of $84.67 and a 12-month high of $112.15. The company has a debt ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.44.
CH Robinson Worldwide (NASDAQ:CHRW – Get Rating) last released its quarterly results on Wednesday, April 27. The transportation company reported EPS of $2.05 for the quarter, beating the consensus estimate of $1.54 by $0.51. CH Robinson Worldwide achieved a net margin of 3.65% and a return on equity of 43.59%. During the same period last year, the company achieved EPS of $1.28. As a group, sell-side analysts expect CH Robinson Worldwide to post earnings per share of 6.41 for the current year.
Several hedge funds have recently changed their holdings of CHRW. Marathon Asset Mgmt Ltd bought a new position in shares of CH Robinson Worldwide in Q3 worth $129,756,000. Norges Bank acquired a new stake in CH Robinson Worldwide during the 4th quarter at a value of $111,107,000. Allspring Global Investments Holdings LLC acquired a new stake in CH Robinson Worldwide during the 4th quarter valued at $92,408,000. Marshall Wace LLP acquired a new stake in CH Robinson Worldwide during the 4th quarter at a value of $57,783,000. Finally, BlackRock Inc. increased its stake in CH Robinson Worldwide by 3.1% during the third quarter. BlackRock Inc. now owns 17,681,386 shares of the transportation company valued at $1,538,279,000 after purchasing an additional 530,386 shares last quarter. 92.29% of the shares are currently held by institutional investors and hedge funds.
CH Robinson Worldwide Company Profile (Get a rating)
CH Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to businesses in various industries worldwide. The Company operates in two segments, North America Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truck loading; LTL freight brokerage services, which include shipping single or multiple pallets of goods; intermodal transport which includes the service of shipping freight in containers or trailers by a combination of truck and rail; and maritime non-maritime public transport and freight forwarding services, as well as arranges air shipments and provides door-to-door services.
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