Barclays Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $75.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by research analysts at Barclays from $70.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential downside of 25.59% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Raymond James assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They set a “market perform” rating for the company. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $87.00 to $110.00 in a research report on Thursday. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $94.28.

C.H. Robinson Worldwide Trading Down 1.4 %

Shares of NASDAQ:CHRW traded down $1.42 during midday trading on Friday, reaching $100.79. The company’s stock had a trading volume of 515,995 shares, compared to its average volume of 1,659,005. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $105.41. The business has a 50 day moving average price of $87.47 and a 200 day moving average price of $80.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 28.30% and a net margin of 1.90%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide will post 3.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after buying an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in C.H. Robinson Worldwide by 21.1% during 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 buying an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp lifted its holdings 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 worth $202,723,000 after buying an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after buying an additional 94,616 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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.