C.H. Robinson Worldwide, Inc. (CHRW) Price Target Raised to $69.00 at Credit Suisse Group

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) had its target price boosted by Credit Suisse Group from $68.00 to $69.00 in a research report released on Thursday, November 2nd. Credit Suisse Group currently has an underperform rating on the transportation company’s stock.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a hold rating to a buy rating and set a $83.00 target price for the company in a report on Tuesday, September 26th. KeyCorp restated a buy rating and set a $78.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, September 26th. Bank of America Corporation upgraded shares of C.H. Robinson Worldwide from an underperform rating to a buy rating and upped their price objective for the company from $70.00 to $86.00 in a report on Tuesday, October 10th. Barclays PLC upped their price objective on shares of C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an equal weight rating in a report on Monday, October 2nd. Finally, Cowen and Company reiterated a hold rating and issued a $68.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $77.35.

C.H. Robinson Worldwide (CHRW) opened at $78.43 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $10,930.00, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.69 and a beta of 0.44. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $81.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ 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 net margin of 3.31% and a return on equity of 36.06%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. equities analysts anticipate that C.H. Robinson Worldwide will post 3.33 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “C.H. Robinson Worldwide, Inc. (CHRW) Price Target Raised to $69.00 at Credit Suisse Group” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/11/21/c-h-robinson-worldwide-inc-chrw-pt-raised-to-69-00-at-credit-suisse-group.html.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 1,738 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the completion of the sale, the insider now directly owns 24,348 shares of the company’s stock, valued at approximately $1,917,405. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James Lemke sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $79.98, for a total value of $1,199,700.00. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 15,399,851 shares of the transportation company’s stock worth $1,057,661,000 after acquiring an additional 270,521 shares during the last quarter. BlackRock Inc. increased its stake in shares of C.H. Robinson Worldwide by 3.6% in the 2nd quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock worth $747,922,000 after acquiring an additional 377,726 shares during the last quarter. Capital International Investors increased its stake in shares of C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock worth $697,596,000 after acquiring an additional 488,372 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 51.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after acquiring an additional 2,161,520 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of C.H. Robinson Worldwide by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 5,184,766 shares of the transportation company’s stock worth $394,561,000 after acquiring an additional 68,050 shares during the last quarter. 92.93% of the stock is 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.

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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.

Latest News

Leave a Reply