C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Wall Street Zen

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms have also commented on CHRW. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Evercore reissued an “outperform” rating and set a $237.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $196.56.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $152.78 on Friday. The business’s 50-day moving average is $164.59 and its two-hundred day moving average is $172.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide has a 12 month low of $123.64 and a 12 month high of $210.33. The firm has a market capitalization of $17.85 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in CHRW. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide in the second quarter worth $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth $25,000. Millstone Evans Group LLC grew its holdings in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Finally, DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $27,000. 93.15% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.