C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Wall Street Zen

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently weighed in on CHRW. Raymond James Financial dropped their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $199.46.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $186.51 on Friday. The firm has a 50 day simple moving average of $187.53 and a 200-day simple moving average of $180.87. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide has a 1-year low of $96.89 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. On average, analysts expect that C.H. Robinson Worldwide will post 6.12 EPS for the current year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently bought and sold shares of the stock. Bank of Jackson Hole Trust acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Millstone Evans Group LLC raised its holdings in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. DV Equities LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 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 is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.