CH Robinson Worldwide (NASDAQ:CHRW – Get Note) had its price target raised by equity researchers Wolfe Research from $109.00 to $115.00 in a research note released Tuesday to investors, reports The Fly. Wolfe Research’s target price would suggest a potential upside of 11.62% from the company’s previous close.
A number of other equity research analysts have also recently weighed in on CHRW. Loop Capital reduced its target price on CH Robinson Worldwide from $101.00 to $98.00 in a Friday, February 4 research report. Stifel Nicolaus downgraded 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 Thursday, February 3 report. Zacks Investment Research has downgraded CH Robinson Worldwide from a “buy” rating to a “hold” rating and has set a price target of $94.00 for the stock. in a report on Friday, February 4. Bank of America upgraded CH Robinson Worldwide from a “neutral” rating to a “buy” rating and raised its price target for the company from $108.00 to $125.00 in a Thursday, January 20 report. Finally, StockNews.com picked up coverage from CH Robinson Worldwide in a Thursday, March 31 report. They have set a “holding” rating on the stock. Three analysts rated the stock with a sell rating, ten gave a hold rating and eight gave the company’s stock a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $106.19.
Shares of NASDAQ:CHRW traded up $0.31 in Tuesday’s midday session, hitting $103.03. 879 shares were traded, against an average volume of 1,336,115. The company has a leverage ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.44. CH Robinson Worldwide has a 52-week low of $84.67 and a 52-week high of $112.15. The company’s fifty-day simple moving average is $99.48 and its two-hundred-day simple moving average is $98.72. The company has a market capitalization of $13.25 billion, a PE ratio of 16.33, a P/E/G ratio of 1.81 and a beta of 0.78.
CH Robinson Worldwide (NASDAQ:CHRW – Get Rating) last reported results on Wednesday, February 2. The transportation company reported earnings per share of $1.74 for the quarter, missing Thomson Reuters consensus estimate of $1.85 per ($0.11). The company posted revenue of $6.50 billion for the quarter, versus a consensus estimate of $6.26 billion. CH Robinson Worldwide achieved a net margin of 3.65% and a return on equity of 43.59%. CH Robinson Worldwide quarterly revenue increased 42.9% year over year. In the same quarter last year, the company earned earnings per share of $1.08. As a group, equity analysts expect CH Robinson Worldwide to post EPS of 6.33 for the current year.
Major investors have recently changed their positions in the company. IndexIQ Advisors LLC increased its stake in shares of CH Robinson Worldwide by 5.2% during the third quarter. IndexIQ Advisors LLC now owns 2,258 shares of the transportation company valued at $196,000 after acquiring 111 additional shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in CH Robinson Worldwide by 8.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,536 shares of the transportation company worth $134,000 after purchasing 116 additional shares during the period. Auxano Advisors LLC increased its holdings of CH Robinson Worldwide shares by 3.0% during the third quarter. Auxano Advisors LLC now owns 4,296 shares of the transportation company valued at $374,000 after buying 125 additional shares in the last quarter. Palisade Asset Management LLC increased its holdings of CH Robinson Worldwide shares by 0.3% during the third quarter. Palisade Asset Management LLC now owns 46,757 shares of the transportation company valued at $4,068,000 after buying 130 additional shares in the last quarter. Finally, ING Groep NV increased its stake in shares of CH Robinson Worldwide by 1.2% during the third quarter. ING Groep NV now owns 11,058 shares of the transport company valued at $962,000 after buying 136 additional shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s shares.
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; brokerage services for the transport of less than full loads, which include the shipment of 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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