C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $86.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective hoisted by equities research analysts at TD Cowen from $79.00 to $86.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 5.91% from the stock’s previous close.

CHRW has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. BNP Paribas restated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Susquehanna lifted their price target on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company decreased their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Trading Up 0.3 %

C.H. Robinson Worldwide stock traded up $0.27 during trading hours on Thursday, reaching $81.20. The stock had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. The stock has a market cap of $9.50 billion, a PE ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75. The company has a fifty day simple moving average of $72.85 and a 200-day simple moving average of $79.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.40. 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 released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. C.H. Robinson Worldwide’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Analysts forecast that C.H. Robinson Worldwide will post 3.24 EPS for the current fiscal year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the business. Vision Capital Management Inc. grew its holdings in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after purchasing an additional 129 shares during the period. Cascade Investment Advisors Inc. raised its stake in C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock worth $1,177,000 after acquiring an additional 145 shares during the period. SkyView Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 149 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in shares of C.H. Robinson Worldwide by 2.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock worth $503,000 after purchasing an additional 165 shares during the period. Finally, Kentucky Retirement Systems increased its stake in shares of C.H. Robinson Worldwide by 2.0% in the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock worth $806,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other 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.