KeyCorp Equities Analysts Raise Earnings Estimates for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) – Equities research analysts at KeyCorp boosted their Q2 2022 earnings estimates for C.H. Robinson Worldwide in a research note issued to investors on Wednesday, April 27th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $1.89 per share for the quarter, up from their prior forecast of $1.72. KeyCorp currently has a “Overweight” rating and a $125.00 target price on the stock. KeyCorp also issued estimates for C.H. Robinson Worldwide’s Q3 2022 earnings at $1.71 EPS, Q4 2022 earnings at $1.60 EPS and FY2023 earnings at $6.75 EPS.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $1.28 earnings per share.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $117.00 to $120.00 in a research note on Thursday. Bank of America upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the company from $108.00 to $125.00 in a research report on Thursday, January 20th. UBS Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a research report on Thursday, February 3rd. Morgan Stanley cut their target price on shares of C.H. Robinson Worldwide from $65.00 to $62.00 and set an “underweight” rating for the company in a research report on Thursday, February 3rd. Finally, Vertical Research downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a report on Wednesday, March 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.70.

NASDAQ:CHRW opened at $110.34 on Friday. The firm has a market cap of $14.19 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.44. C.H. Robinson Worldwide has a fifty-two week low of $84.67 and a fifty-two week high of $112.15. The firm has a 50-day simple moving average of $102.68 and a two-hundred day simple moving average of $100.37.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Friday, March 4th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, March 3rd. C.H. Robinson Worldwide’s payout ratio is currently 34.87%.

A number of large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its stake in shares of C.H. Robinson Worldwide by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the transportation company’s stock worth $846,000 after purchasing an additional 100 shares during the period. IndexIQ Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 5.2% during the 3rd quarter. IndexIQ Advisors LLC now owns 2,258 shares of the transportation company’s stock worth $196,000 after purchasing an additional 111 shares during the period. Ellevest Inc. grew its stake in shares of C.H. Robinson Worldwide by 67.6% during the 1st quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of C.H. Robinson Worldwide by 1.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 14,179 shares of the transportation company’s stock worth $1,234,000 after purchasing an additional 139 shares during the period. Finally, Siemens Fonds Invest GmbH grew its stake in shares of C.H. Robinson Worldwide by 2.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,090 shares of the transportation company’s stock worth $652,000 after purchasing an additional 141 shares during the period. Institutional investors 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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