C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) had its price target increased by analysts at Stephens from $110.00 to $115.00 in a report released on Friday, The Fly reports. Stephens’ price objective would indicate a potential upside of 8.02% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. Citigroup upped their price target on C.H. Robinson Worldwide from $125.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, February 3rd. Cowen decreased their target price on shares of C.H. Robinson Worldwide from $110.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. Wolfe Research dropped their price target on C.H. Robinson Worldwide from $124.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. Benchmark assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, January 27th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $102.00 to $106.00 in a research note on Thursday, February 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.90.
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Shares of C.H. Robinson Worldwide stock traded down $1.25 during trading on Friday, hitting $106.46. 1,731 shares of the company’s stock traded hands, compared to its average volume of 1,430,228. The company has a market cap of $13.70 billion, a PE ratio of 16.87, a PEG ratio of 1.93 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s fifty day moving average price is $99.62 and its 200 day moving average price is $98.41. C.H. Robinson Worldwide has a twelve month low of $84.67 and a twelve month high of $112.15.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last posted its quarterly earnings data on Wednesday, February 2nd. The transportation company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.11). C.H. Robinson Worldwide had a return on equity of 43.59% and a net margin of 3.65%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 42.9% on a year-over-year basis. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 6.33 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Twelve Points Wealth Management LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $227,000. Bradley Foster & Sargent Inc. CT acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $204,000. Norges Bank acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $111,107,000. FirstPurpose Wealth LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $301,000. Finally, Rovin Capital UT ADV bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $351,000. Institutional investors and hedge funds own 92.29% of the company’s stock.
C.H. Robinson Worldwide Company Profile (Get Rating)
C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.
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Read More: C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $115.00 at Stephens