C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to “Buy” at Citigroup

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday,Finviz reports. The brokerage presently has a $127.00 price objective on the transportation company’s stock, up from their previous price objective of $110.00. Citigroup’s price target would suggest a potential upside of 16.48% from the company’s previous close.

Several other research firms have also issued reports on CHRW. The Goldman Sachs Group raised their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays boosted their price objective on C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Finally, Evercore ISI upped their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $107.00.

C.H. Robinson Worldwide Stock Up 0.4 %

Shares of NASDAQ CHRW opened at $109.03 on Tuesday. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm’s 50-day simple moving average is $106.11 and its 200 day simple moving average is $95.01.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the business posted $0.84 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that C.H. Robinson Worldwide will post 4.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. increased its stake in C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Central Pacific Bank Trust Division grew its stake in C.H. Robinson Worldwide by 13.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares during the last quarter. Quent Capital LLC increased its position in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares during the period. Finally, Redwood Investment Management LLC lifted its stake in C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds 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.