C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $115.00

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) had its price objective upped by Robert W. Baird from $105.00 to $115.00 in a report released on Thursday, The Fly reports. Robert W. Baird’s price objective suggests a potential upside of 11.84% from the stock’s current price.

A number of other equities research analysts have also issued reports on CHRW. Wolfe Research increased their price objective on shares of C.H. Robinson Worldwide from $109.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, April 5th. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a report on Friday, February 4th. Barclays cut their price objective on shares of C.H. Robinson Worldwide from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, February 3rd. Loop Capital cut their price objective on shares of C.H. Robinson Worldwide from $101.00 to $98.00 in a report on Friday, February 4th. Finally, Stephens increased their price objective on shares of C.H. Robinson Worldwide from $110.00 to $115.00 in a report on Friday, April 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.19.

C.H. Robinson Worldwide stock opened at $102.83 on Thursday. The firm has a 50 day moving average of $102.32 and a 200 day moving average of $100.24. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.79 and a beta of 0.77. C.H. Robinson Worldwide has a 12-month low of $84.67 and a 12-month high of $112.15. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last released its earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.51. C.H. Robinson Worldwide had a net margin of 3.65% and a return on equity of 43.59%. During the same period last year, the business posted $1.28 earnings per share. On average, analysts predict that C.H. Robinson Worldwide will post 6.41 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC lifted its position in shares of C.H. Robinson Worldwide by 14.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,661,527 shares of the transportation company’s stock worth $144,553,000 after purchasing an additional 214,608 shares during the last quarter. Xponance Inc. lifted its position in shares of C.H. Robinson Worldwide by 15.8% during the fourth quarter. Xponance Inc. now owns 10,884 shares of the transportation company’s stock worth $1,171,000 after purchasing an additional 1,482 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of C.H. Robinson Worldwide by 2.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,816 shares of the transportation company’s stock worth $841,000 after purchasing an additional 176 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of C.H. Robinson Worldwide by 31.6% during the third quarter. Mackenzie Financial Corp now owns 74,333 shares of the transportation company’s stock worth $6,467,000 after purchasing an additional 17,833 shares during the last quarter. Finally, Lewis Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $945,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

About C.H. Robinson Worldwide (Get Rating)

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

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