C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $226.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by Susquehanna from $215.00 to $226.00 in a report published on Tuesday, Marketbeat reports. The firm currently has a positive rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. UBS Group upped their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.62.

C.H. Robinson Worldwide Trading Up 4.2%

Shares of CHRW stock opened at $205.75 on Tuesday. C.H. Robinson Worldwide has a twelve month low of $96.27 and a twelve month high of $208.70. The stock’s fifty day simple moving average is $182.97 and its 200 day simple moving average is $179.14. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $24.25 billion, a P/E ratio of 41.65, a P/E/G ratio of 1.70 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts predict that C.H. Robinson Worldwide will post 6.11 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the period. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $27,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $30,000. 93.15% of the stock is currently owned by institutional investors.

Key Stories Impacting C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Truist Financial raised its price target on C.H. Robinson Worldwide to $215 from $210 and reiterated a buy rating, signaling continued confidence in the company’s outlook. Truist price target raise report
• Positive Sentiment: Stifel Nicolaus also lifted its price target to $215 from $207 and kept a buy rating, adding to the bullish analyst momentum. Stifel price target raise report
• Positive Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 target, which is above the current trading level and may still support investor sentiment. Citizens JMP coverage initiation
• Neutral Sentiment: A Zacks comparison article weighing ZTO Express against CHRW highlights valuation considerations, but it does not appear to include a major new catalyst for the stock. Zacks comparison article
• Neutral Sentiment: Susquehanna issued a positive forecast for C.H. Robinson Worldwide, reinforcing expectations that analysts see room for further upside. Susquehanna forecast report

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.