Evercore ISI Upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to “Outperform”

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Tuesday, MarketBeat reports. The brokerage currently has a $99.00 price objective on the transportation company’s stock, up from their prior price objective of $82.00. Evercore ISI’s price target suggests a potential upside of 10.91% from the stock’s previous close.

A number of other equities research analysts have also issued reports on CHRW. Wells Fargo & Company started coverage on C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 price target for the company. Raymond James assumed coverage on C.H. Robinson Worldwide in a report on Wednesday, May 15th. They set a “market perform” rating on the stock. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.38.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $89.26 on Tuesday. The business’s 50 day moving average price is $82.01 and its 200-day moving average price is $79.74. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $100.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $10.45 billion, a PE ratio of 35.28, a P/E/G ratio of 2.65 and a beta of 0.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its position in shares of C.H. Robinson Worldwide by 13.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,456 shares of the transportation company’s stock valued at $298,000 after buying an additional 417 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $498,000. Acadian Asset Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $454,000. Northern Trust Corp grew its stake in C.H. Robinson Worldwide by 15.9% during the 3rd quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company’s stock worth $132,333,000 after buying an additional 211,089 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in C.H. Robinson Worldwide during the third quarter worth approximately $2,579,000. 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.