C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) had its price target reduced by Stifel Nicolaus from $71.00 to $67.00 in a report published on Thursday, July 20th, MarketBeat reports. They currently have a hold rating on the transportation company’s stock.
CHRW has been the subject of a number of other research reports. Deutsche Bank AG decreased their price target on C.H. Robinson Worldwide from $80.00 to $75.00 and set a hold rating for the company in a report on Friday, April 28th. Credit Suisse Group restated a sell rating and issued a $75.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Zacks Investment Research cut C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Tuesday, June 27th. Vertical Research upgraded C.H. Robinson Worldwide from a sell rating to a hold rating and set a $76.00 price target for the company in a report on Friday, May 5th. Finally, BidaskClub upgraded C.H. Robinson Worldwide from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $70.10.
Shares of C.H. Robinson Worldwide (CHRW) traded down 0.01% during trading on Thursday, hitting $68.01. 1,573,712 shares of the company’s stock were exchanged. The company has a 50-day moving average of $67.16 and a 200-day moving average of $72.28. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16. The company has a market cap of $9.55 billion, a P/E ratio of 19.94 and a beta of 0.44.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts expect that C.H. Robinson Worldwide will post $3.31 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Stifel Nicolaus Trims C.H. Robinson Worldwide, Inc. (CHRW) Target Price to $67.00” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://stocknewstimes.com/2017/08/16/c-h-robinson-worldwide-inc-chrw-price-target-cut-to-67-00-updated-updated-updated.html.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.
Several large investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC raised its stake in shares of C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock valued at $117,000 after buying an additional 712 shares in the last quarter. IFP Advisors Inc raised its stake in shares of C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of C.H. Robinson Worldwide by 8.5% in the first quarter. Integrated Investment Consultants LLC now owns 1,925 shares of the transportation company’s stock valued at $149,000 after buying an additional 150 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock valued at $198,000 after buying an additional 159 shares in the last quarter. Finally, Hollencrest Securities LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth approximately $200,000. 90.70% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for C.H. Robinson Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
