C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Average Rating of “Reduce” by Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Free Report) have received an average recommendation of “Reduce” from the ten ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $85.00.

A number of research firms have recently weighed in on CHRW. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of C.H. Robinson Worldwide from $78.00 to $75.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Morgan Stanley cut their price objective on shares of C.H. Robinson Worldwide from $62.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 2nd. Finally, BMO Capital Markets cut their price objective on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st.

Read Our Latest Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Up 0.2 %

Shares of C.H. Robinson Worldwide stock opened at $74.39 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. C.H. Robinson Worldwide has a one year low of $71.29 and a one year high of $106.36. The company has a market cap of $8.70 billion, a P/E ratio of 27.45, a PEG ratio of 3.74 and a beta of 0.76. The firm has a fifty day moving average of $81.49 and a two-hundred day moving average of $84.34.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.35 billion. On average, analysts forecast that C.H. Robinson Worldwide will post 3.27 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 90.04%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $30,000. West Tower Group LLC acquired a new position in C.H. Robinson Worldwide in the second quarter worth $31,000. Quarry LP acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth $30,000. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth $30,000. Finally, Larson Financial Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth $31,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

C.H. Robinson Worldwide Company Profile

(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.

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

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