C.H. Robinson Worldwide (NASDAQ:CHRW) Now Covered by Citizens Jmp

Stock analysts at Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a report issued on Wednesday. The brokerage set a “market perform” rating and a $235.00 price target on the transportation company’s stock. Citizens Jmp’s target price suggests a potential upside of 17.73% from the stock’s previous close.

Several other research firms have also commented on CHRW. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Raymond James Financial lowered their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays upped their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $199.61 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide has a 1-year low of $96.27 and a 1-year high of $203.34. The stock has a market cap of $23.53 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. The firm has a fifty day moving average price of $181.71 and a 200 day moving average price of $178.63.

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

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently bought and sold shares of the company. Vestcor Inc boosted its holdings in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares in the last quarter. Horizon Investments LLC raised its stake in shares of C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after buying an additional 58 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of C.H. Robinson Worldwide by 3.6% in the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after buying an additional 59 shares during the period. Brendel Financial Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.2% in the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after buying an additional 61 shares during the period. Finally, Dogwood Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 37.8% in the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after buying an additional 65 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.