JPMorgan Chase & Co. Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target decreased by research analysts at JPMorgan Chase & Co. from $126.00 to $118.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 29.91% from the stock’s previous close.

A number of other brokerages also recently commented on CHRW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 price target for the company. Stephens reaffirmed an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Citigroup lowered their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America cut their price objective on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $90.83 on Thursday. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide has a 1 year low of $78.16 and a 1 year high of $114.82. The stock’s 50 day simple moving average is $95.39 and its two-hundred day simple moving average is $101.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. boosted its holdings in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after acquiring an additional 105 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock worth $1,483,000 after acquiring an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after acquiring an additional 114 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.