Credit Suisse Group Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $79.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Credit Suisse Group from $65.00 to $79.00 in a research report sent to investors on Thursday, The Fly reports.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus lowered shares of C.H. Robinson Worldwide from a buy rating to a hold rating and upped their price target for the stock from $79.00 to $94.00 in a research report on Thursday. They noted that the move was a valuation call. Citigroup lifted their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company a neutral rating in a report on Thursday. Oppenheimer initiated coverage on C.H. Robinson Worldwide in a research report on Tuesday, April 28th. They set a hold rating for the company. Loop Capital lowered C.H. Robinson Worldwide from a buy rating to a hold rating and set a $96.00 price objective on the stock. in a research note on Thursday. Finally, Stephens reiterated a buy rating and set a $84.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, May 21st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $83.79.

Shares of C.H. Robinson Worldwide stock opened at $93.72 on Thursday. The firm has a market cap of $12.62 billion, a PE ratio of 27.32, a P/E/G ratio of 3.64 and a beta of 0.58. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide has a fifty-two week low of $56.94 and a fifty-two week high of $99.22. The business’s fifty day moving average is $81.55 and its two-hundred day moving average is $75.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a return on equity of 28.22% and a net margin of 3.10%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide will post 2.86 EPS for the current year.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 1,480 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $77.64, for a total value of $114,907.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.82% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its stake in shares of C.H. Robinson Worldwide by 251.9% during the 4th quarter. Guggenheim Capital LLC now owns 67,625 shares of the transportation company’s stock valued at $5,289,000 after buying an additional 48,410 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in C.H. Robinson Worldwide by 18.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,131 shares of the transportation company’s stock valued at $1,407,000 after acquiring an additional 2,820 shares during the last quarter. Profund Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth $210,000. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $100,417,000. Finally, Franklin Resources Inc. lifted its position in shares of C.H. Robinson Worldwide by 9.1% during the fourth quarter. Franklin Resources Inc. now owns 65,019 shares of the transportation company’s stock worth $5,085,000 after purchasing an additional 5,419 shares during the last quarter. 89.11% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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The Fly

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

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