C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by equities researchers at Stifel Nicolaus from $207.00 to $215.00 in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 4.50% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Citigroup started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday. They set a “market outperform” rating on the stock. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday. Finally, UBS Group boosted their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $205.75 on Wednesday. The stock has a market cap 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 has a twelve month low of $96.27 and a twelve month high of $208.70. The stock has a 50 day moving average of $182.97 and a two-hundred day moving average of $179.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide will post 6.11 earnings per share for the current year.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after acquiring an additional 364,163 shares during the period. State Street Corp lifted its position in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP boosted its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Boston Partners boosted its holdings in C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after purchasing an additional 213,245 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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

About C.H. Robinson Worldwide

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.