C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $98.53 Average Target Price from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned an average recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $98.31.

Several analysts have issued reports on the stock. The Goldman Sachs Group raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Monday, June 7th. Morgan Stanley increased their price objective on shares of C.H. Robinson Worldwide from $58.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, July 8th. Evercore ISI initiated coverage on shares of C.H. Robinson Worldwide in a research report on Monday. They issued an “inline” rating and a $95.00 price objective on the stock. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a research report on Monday, August 2nd. Finally, Credit Suisse Group dropped their price objective on shares of C.H. Robinson Worldwide from $93.00 to $87.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 28th.

NASDAQ CHRW opened at $90.08 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $90.76 and its two-hundred day moving average price is $94.61. C.H. Robinson Worldwide has a 1 year low of $84.67 and a 1 year high of $106.75. The firm has a market capitalization of $11.86 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Monday, July 26th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.11. C.H. Robinson Worldwide had a net margin of 3.41% and a return on equity of 34.62%. The firm had revenue of $5.53 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide will post 5.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 3rd will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.26%. C.H. Robinson Worldwide’s payout ratio is 54.84%.

In other news, insider Michael John Short sold 2,693 shares of the firm’s stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $91.49, for a total value of $246,382.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.95% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Mariner LLC raised its holdings in C.H. Robinson Worldwide by 6.6% during the 1st quarter. Mariner LLC now owns 39,787 shares of the transportation company’s stock worth $3,797,000 after purchasing an additional 2,475 shares during the last quarter. Avalon Investment & Advisory grew its position in C.H. Robinson Worldwide by 3.8% in the 2nd quarter. Avalon Investment & Advisory now owns 495,393 shares of the transportation company’s stock valued at $46,404,000 after purchasing an additional 17,947 shares during the period. American Century Companies Inc. boosted its holdings in C.H. Robinson Worldwide by 57.7% during the 2nd quarter. American Century Companies Inc. now owns 18,553 shares of the transportation company’s stock worth $1,738,000 after acquiring an additional 6,788 shares during the last quarter. California State Teachers Retirement System boosted its holdings in C.H. Robinson Worldwide by 2.8% during the 1st quarter. California State Teachers Retirement System now owns 246,938 shares of the transportation company’s stock worth $23,565,000 after acquiring an additional 6,638 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in C.H. Robinson Worldwide by 12.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 6,097 shares of the transportation company’s stock worth $571,000 after acquiring an additional 683 shares during the last quarter. Hedge funds and other institutional investors own 90.56% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

Read More: Yield Curve

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.