C.H. Robinson Worldwide, Inc. (CHRW) PT Raised to $69.00

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

A number of other brokerages also recently weighed in on CHRW. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a hold rating in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Cowen and Company lifted their price target on C.H. Robinson Worldwide from $87.00 to $88.00 and gave the stock an outperform rating in a research report on Thursday, November 2nd. Barclays PLC lifted their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an equal weight rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets downgraded C.H. Robinson Worldwide from an outperform rating to a market perform rating and lifted their price target for the stock from $72.00 to $77.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $77.35.

Shares of C.H. Robinson Worldwide (NASDAQ CHRW) traded up $0.01 during trading on Thursday, hitting $80.37. The stock had a trading volume of 1,016,500 shares, compared to its average volume of 1,524,581. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55. C.H. Robinson Worldwide has a fifty-two week low of $63.41 and a fifty-two week high of $81.35. The firm has a market cap of $11,180.00, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business earned $0.90 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. equities research analysts predict that C.H. Robinson Worldwide will post 3.32 EPS for the current year.

WARNING: “C.H. Robinson Worldwide, Inc. (CHRW) PT Raised to $69.00” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://baseballnewssource.com/markets/c-h-robinson-worldwide-inc-chrw-given-new-69-00-price-target-at-credit-suisse-group/1753263.html.

In other C.H. Robinson Worldwide news, SVP James Lemke sold 15,000 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jordan T. Kass sold 1,738 shares of the business’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 transaction, the insider now directly owns 24,348 shares in the company, valued at approximately $1,917,405. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in CHRW. Teachers Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 4.7% during the first quarter. Teachers Advisors LLC now owns 167,699 shares of the transportation company’s stock worth $12,961,000 after acquiring an additional 7,486 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of C.H. Robinson Worldwide by 10.2% during the first quarter. Thrivent Financial For Lutherans now owns 5,410 shares of the transportation company’s stock worth $418,000 after acquiring an additional 500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of C.H. Robinson Worldwide by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 469,549 shares of the transportation company’s stock worth $36,292,000 after acquiring an additional 18,311 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $490,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $3,865,000. Institutional investors own 91.62% of the company’s stock.

About C.H. Robinson Worldwide

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 our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.