C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded by Vertical Research to “Buy”

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) was upgraded by research analysts at Vertical Research from a “sell” rating to a “buy” rating in a research report issued on Tuesday, Briefing.com reports. The firm currently has a $102.00 price target on the transportation company’s stock. Vertical Research’s price objective points to a potential upside of 17.76% from the company’s current price.

Several other equities analysts have also issued reports on the company. TD Cowen increased their target price on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Bank of America decreased their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. Raymond James assumed coverage on C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating on the stock. Finally, Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.06.

Get Our Latest Stock Analysis on CHRW

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $86.62 on Tuesday. The stock has a market cap of $10.14 billion, a PE ratio of 34.24, a P/E/G ratio of 2.56 and a beta of 0.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $100.88. The stock has a fifty day simple moving average of $84.65 and a 200-day simple moving average of $79.83.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the business posted $0.98 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that C.H. Robinson Worldwide will post 3.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CHRW. Quent Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the last quarter. Montag A & Associates Inc. purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $30,000. UMB Bank n.a. grew its stake in C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after buying an additional 294 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after buying an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

(Get Free Report)

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.

Read More

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.