C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Increased to $85.00 by Analysts at BMO Capital Markets

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lifted by BMO Capital Markets from $80.00 to $85.00 in a report released on Friday morning, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

A number of other research firms have also weighed in on CHRW. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an underweight rating in a report on Thursday. Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a research report on Thursday. Wolfe Research raised shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. Finally, Barclays raised their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an underweight rating in a research note on Thursday. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $82.60.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $81.20 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.40. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $105.18. The firm has a market capitalization of $9.50 billion, a P/E ratio of 32.09, a P/E/G ratio of 4.17 and a beta of 0.75. The company’s fifty day moving average price is $72.85 and its 200 day moving average price is $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that C.H. Robinson Worldwide will post 3.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Montag A & Associates Inc. purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $31,000. Pacific Center for Financial Services acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $34,000. UMB Bank n.a. grew its position in C.H. Robinson Worldwide by 147.0% during the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 294 shares during the period. Finally, Evermay Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after acquiring an additional 420 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company 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 comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.