TD Cowen Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $86.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price upped by equities researchers at TD Cowen from $79.00 to $86.00 in a report released on Thursday, Marketbeat.com reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price would suggest a potential upside of 5.91% from the company’s previous close.

Several other analysts have also commented on CHRW. BNP Paribas reaffirmed a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Bank of America decreased their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Wells Fargo & Company decreased their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Trading Up 0.3 %

NASDAQ:CHRW traded up $0.27 during trading hours on Thursday, hitting $81.20. The company had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $105.18. The company has a market cap of $9.50 billion, a P/E ratio of 32.09, a P/E/G ratio of 4.16 and a beta of 0.75. The company has a 50-day moving average of $72.85 and a 200 day moving average of $79.15. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide will post 3.24 earnings per share for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $2,960,000. GSA Capital Partners LLP grew its position in shares of C.H. Robinson Worldwide by 8.8% in the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock valued at $796,000 after buying an additional 746 shares during the last quarter. abrdn plc raised its stake in C.H. Robinson Worldwide by 9.5% during the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock worth $33,975,000 after acquiring an additional 34,300 shares in the last quarter. Nordea Investment Management AB lifted its position in C.H. Robinson Worldwide by 28.3% in the third quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company’s stock valued at $26,979,000 after acquiring an additional 68,256 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in C.H. Robinson Worldwide by 10.6% in the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 605 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.