C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $123.00 at Cowen

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) had its price objective increased by Cowen from $109.00 to $123.00 in a report released on Thursday, Stock Target Advisor reports. They currently have an outperform rating on the transportation company’s stock.

A number of other brokerages have also issued reports on CHRW. Morgan Stanley dropped their target price on shares of C.H. Robinson Worldwide from $65.00 to $62.00 and set an underweight rating on the stock in a research report on Thursday, February 3rd. Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $105.00 to $115.00 and gave the stock a hold rating in a research report on Thursday. KeyCorp lowered their price target on shares of C.H. Robinson Worldwide from $135.00 to $125.00 and set an overweight rating on the stock in a report on Thursday, February 3rd. Loop Capital lowered their price target on shares of C.H. Robinson Worldwide from $101.00 to $98.00 in a report on Friday, February 4th. Finally, Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a hold rating to a buy rating and boosted their price target for the company from $102.00 to $106.00 in a report on Thursday, February 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of Hold and a consensus target price of $107.70.

Shares of CHRW stock opened at $106.15 on Thursday. C.H. Robinson Worldwide has a 1 year low of $84.67 and a 1 year high of $112.15. The firm’s fifty day simple moving average is $102.97 and its 200 day simple moving average is $100.48. The firm has a market capitalization of $13.66 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. 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 announced its earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter last year, the company earned $1.28 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide will post 6.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Friday, March 4th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, March 3rd. This represents a $2.20 annualized dividend and a yield of 2.07%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 34.87%.

A number of hedge funds and other institutional investors have recently modified their holdings of CHRW. Marathon Asset Mgmt Ltd acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth about $129,756,000. Norges Bank acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth about $111,107,000. Allspring Global Investments Holdings LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth about $92,408,000. Marshall Wace LLP acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth about $57,783,000. Finally, BlackRock Inc. lifted its position in C.H. Robinson Worldwide by 3.1% during the 3rd quarter. BlackRock Inc. now owns 17,681,386 shares of the transportation company’s stock worth $1,538,279,000 after buying an additional 530,386 shares in the last quarter. 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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