C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) had its price objective lifted by Stifel Nicolaus from $71.00 to $82.00 in a report released on Wednesday morning, Marketbeat reports. They currently have a hold rating on the transportation company’s stock.

Several other research firms also recently weighed in on CHRW. BMO Capital Markets downgraded shares of C.H. Robinson Worldwide from an outperform rating to a market perform rating and lifted their target price for the stock from $72.00 to $77.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Cowen and Company raised shares of C.H. Robinson Worldwide from a market perform rating to an outperform rating and boosted their price objective for the company from $68.00 to $87.00 in a research note on Monday, October 16th. J P Morgan Chase & Co boosted their price objective on shares of C.H. Robinson Worldwide from $63.00 to $71.00 and gave the company an underweight rating in a research note on Thursday, October 12th. KeyCorp reaffirmed a buy rating and set a $85.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed a sell rating and set a $68.00 price objective (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of Hold and an average target price of $77.00.

C.H. Robinson Worldwide (CHRW) traded up $0.11 during mid-day trading on Wednesday, reaching $79.44. The company’s stock had a trading volume of 2,327,213 shares, compared to its average volume of 1,680,000. The stock has a market capitalization of $11.15 billion, a P/E ratio of 23.75, a PEG ratio of 2.76 and a beta of 0.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.27 and a current ratio of 1.24. C.H. Robinson Worldwide has a 1 year low of $63.41 and a 1 year high of $81.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. equities analysts predict that C.H. Robinson Worldwide will post 3.3 earnings per share for the current fiscal year.

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In related news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.85% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. GW Henssler & Associates Ltd. raised its holdings in C.H. Robinson Worldwide by 1.4% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 164,177 shares of the transportation company’s stock valued at $12,494,000 after buying an additional 2,302 shares during the last quarter. FDx Advisors Inc. raised its holdings in C.H. Robinson Worldwide by 3.7% during the 3rd quarter. FDx Advisors Inc. now owns 27,547 shares of the transportation company’s stock valued at $2,096,000 after buying an additional 976 shares during the last quarter. Global X MANAGEMENT CO LLC raised its holdings in C.H. Robinson Worldwide by 14.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,720 shares of the transportation company’s stock valued at $435,000 after buying an additional 714 shares during the last quarter. Swiss National Bank raised its holdings in C.H. Robinson Worldwide by 0.8% during the 3rd quarter. Swiss National Bank now owns 678,328 shares of the transportation company’s stock valued at $51,621,000 after buying an additional 5,300 shares during the last quarter. Finally, Nicolet Bankshares Inc. bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $202,000. Institutional investors own 89.17% of the company’s stock.

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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