C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by Robert W. Baird from $84.00 to $98.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other research analysts also recently commented on CHRW. Barclays lowered their price objective on shares of C.H. Robinson Worldwide from $95.00 to $85.00 and set an overweight rating for the company in a research report on Friday, April 17th. TheStreet raised C.H. Robinson Worldwide from a c+ rating to a b rating in a report on Friday, July 24th. Citigroup raised their price objective on C.H. Robinson Worldwide from $67.00 to $85.00 and gave the company a neutral rating in a research note on Wednesday, July 8th. Susquehanna Bancshares decreased their target price on C.H. Robinson Worldwide from $77.00 to $76.00 and set a neutral rating on the stock in a research report on Thursday, April 30th. Finally, Bank of America raised shares of C.H. Robinson Worldwide from an underperform rating to a neutral rating and increased their target price for the stock from $67.00 to $86.00 in a report on Wednesday, June 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $83.79.

CHRW stock opened at $93.72 on Thursday. C.H. Robinson Worldwide has a 52 week low of $56.94 and a 52 week high of $99.22. The business has a 50-day simple moving average of $81.55 and a 200 day simple moving average of $75.12. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.62 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 3.64 and a beta of 0.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.54 by $0.52. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.46 billion. C.H. Robinson Worldwide had a net margin of 3.10% and a return on equity of 28.22%. During the same period last year, the firm earned $1.22 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts anticipate that C.H. Robinson Worldwide will post 2.86 EPS for the current fiscal year.

In related news, insider Angela K. Freeman sold 1,480 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $77.64, for a total value of $114,907.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.82% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of CHRW. FDx Advisors Inc. boosted its holdings in C.H. Robinson Worldwide by 175.3% in the first quarter. FDx Advisors Inc. now owns 10,250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 6,527 shares during the last quarter. Key Financial Inc acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $29,000. GQ Asset Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $33,000. Carroll Financial Associates Inc. increased its position in shares of C.H. Robinson Worldwide by 300.5% during the first quarter. Carroll Financial Associates Inc. now owns 845 shares of the transportation company’s stock worth $55,000 after buying an additional 634 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in C.H. Robinson Worldwide by 138.7% during the first quarter. Valeo Financial Advisors LLC now owns 912 shares of the transportation company’s stock worth $66,000 after buying an additional 530 shares during the last quarter. 89.11% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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