C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Several other analysts have also recently commented on the company. Edward Jones upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, March 11th. Zacks Investment Research cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley lifted their price target on C.H. Robinson Worldwide from $57.00 to $70.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $87.00 to $96.00 and gave the company a “market perform” rating in a report on Thursday, February 1st. They noted that the move was a valuation call. Finally, Cowen lifted their price target on C.H. Robinson Worldwide from $88.00 to $103.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $82.53.

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Shares of C.H. Robinson Worldwide stock opened at $93.62 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $13,006.42, a PE ratio of 26.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.43. C.H. Robinson Worldwide has a fifty-two week low of $63.41 and a fifty-two week high of $100.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.69 billion. C.H. Robinson Worldwide had a return on equity of 36.28% and a net margin of 3.40%. equities research analysts forecast that C.H. Robinson Worldwide will post 4.47 earnings per share for the current fiscal year.

In other C.H. Robinson Worldwide news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $93.97, for a total value of $662,206.59. Following the completion of the transaction, the insider now owns 14,323 shares in the company, valued at approximately $1,345,932.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Wiehoff sold 13,946 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $92.08, for a total value of $1,284,147.68. The disclosure for this sale can be found here. Insiders have sold a total of 29,248 shares of company stock valued at $2,704,578 in the last quarter. Company insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $138,000. Captrust Financial Advisors purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $177,000. Independence Bank of Kentucky purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $186,000. Private Advisor Group LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $204,000. Finally, Advisor Partners LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $222,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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