C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) had its target price hoisted by research analysts at Cowen and Company from $87.00 to $88.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the transportation company’s stock. Cowen and Company’s price target would suggest a potential upside of 10.78% from the stock’s current price.

Several other research firms have also commented on CHRW. Stifel Nicolaus upped their price objective on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday. BMO Capital Markets lowered C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and upped their price objective 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. J P Morgan Chase & Co upped their price objective on C.H. Robinson Worldwide from $63.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Finally, KeyCorp restated a “buy” rating and issued a $85.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $77.00.

C.H. Robinson Worldwide (NASDAQ CHRW) traded up $0.11 during trading hours on Thursday, hitting $79.44. The stock had a trading volume of 2,327,213 shares, compared to its average volume of 1,680,000. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.27. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $81.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 EPS 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 analyst estimates of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. C.H. Robinson Worldwide’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. research analysts anticipate that C.H. Robinson Worldwide will post 3.3 earnings per share for the current year.

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In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.3% during the 2nd quarter. QS Investors LLC now owns 5,793 shares of the transportation company’s stock valued at $398,000 after purchasing an additional 17 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 8,222 shares of the transportation company’s stock valued at $565,000 after purchasing an additional 35 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.6% during the 2nd quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 39 shares during the last quarter. New Amsterdam Partners LLC NY boosted its holdings in shares of C.H. Robinson Worldwide by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,844 shares of the transportation company’s stock valued at $401,000 after purchasing an additional 40 shares during the last quarter. Finally, Lincoln Capital LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.5% during the 2nd quarter. Lincoln Capital LLC now owns 10,085 shares of the transportation company’s stock valued at $693,000 after purchasing an additional 49 shares during the last quarter. 89.17% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

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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