Wells Fargo & Company Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $106.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by stock analysts at Wells Fargo & Company from $94.00 to $106.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.62% from the company’s previous close.

A number of other research firms have also recently commented on CHRW. Robert W. Baird increased their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.89.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $15.26 during trading on Thursday, hitting $104.31. 806,263 shares of the company were exchanged, compared to its average volume of 1,644,255. The company has a market cap of $12.21 billion, a PE ratio of 41.23, a P/E/G ratio of 2.33 and a beta of 0.80. The stock has a 50 day moving average of $87.12 and a 200 day moving average of $80.03. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, equities research analysts predict that C.H. Robinson Worldwide will post 3.68 EPS for the current year.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently bought and sold shares of CHRW. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after acquiring an additional 2,643,193 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $66,474,000. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $52,341,000. Finally, Pinebridge Investments L.P. boosted its position in shares of C.H. Robinson Worldwide by 105.5% in the 4th quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock worth $51,286,000 after purchasing an additional 304,709 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Company Profile

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.