C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its target price lowered by research analysts at Susquehanna from $120.00 to $115.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's target price would suggest a potential upside of 11.38% from the company's current price.
CHRW has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and upped their target price for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Evercore ISI increased their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Benchmark increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and increased their price target for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Finally, Citigroup assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They set a "neutral" rating and a $115.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $102.94.
Read Our Latest Stock Report on CHRW
Shares of C.H. Robinson Worldwide stock traded up $0.21 during trading hours on Friday, reaching $103.25. 310,738 shares of the company's stock were exchanged, compared to its average volume of 1,536,662. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. The company has a market capitalization of $12.11 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The business has a fifty day moving average of $105.72 and a two-hundred day moving average of $92.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. C.H. Robinson Worldwide's quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide will post 4.21 earnings per share for the current fiscal year.
In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company's stock, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.47% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Quent Capital LLC grew its stake in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after buying 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. Sentry Investment Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter worth $49,000. Eastern Bank bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $55,000. 93.15% of the stock is owned by institutional investors and hedge funds.
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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