C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $76.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by analysts at JPMorgan Chase & Co. from $70.00 to $76.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 6.40% from the company’s previous close.

CHRW has been the subject of a number of other reports. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Barclays raised their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. StockNews.com cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $82.60.

C.H. Robinson Worldwide Trading Up 0.3 %

Shares of CHRW stock traded up $0.27 during mid-day trading on Thursday, hitting $81.20. The company’s stock had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. The company has a market cap of $9.50 billion, a PE ratio of 32.09, a P/E/G ratio of 4.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37. The company’s fifty day simple moving average is $72.85 and its 200-day simple moving average is $79.15. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 3.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $659,000. Pzena Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth $66,474,000. BI Asset Management Fondsmaeglerselskab A S raised its position in C.H. Robinson Worldwide by 37.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,513 shares of the transportation company’s stock worth $496,000 after purchasing an additional 1,778 shares during the period. FORA Capital LLC lifted its stake in C.H. Robinson Worldwide by 58.5% in the first quarter. FORA Capital LLC now owns 49,143 shares of the transportation company’s stock worth $3,742,000 after purchasing an additional 18,133 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in C.H. Robinson Worldwide by 9.7% during the first quarter. Daiwa Securities Group Inc. now owns 11,444 shares of the transportation company’s stock valued at $871,000 after buying an additional 1,014 shares during the period. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.