C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $95.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target raised by stock analysts at Barclays from $85.00 to $95.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential downside of 14.12% from the stock’s previous close.

A number of other research analysts have also recently commented on CHRW. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $127.00 in a research report on Tuesday. The Goldman Sachs Group raised their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $1.53 during trading hours on Wednesday, reaching $110.62. The stock had a trading volume of 306,510 shares, compared to its average volume of 1,528,859. The stock’s fifty day simple moving average is $106.22 and its 200 day simple moving average is $95.29. The firm has a market capitalization of $13.08 billion, a PE ratio of 38.12, a PEG ratio of 1.25 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. On average, equities research analysts predict that C.H. Robinson Worldwide will post 4.37 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FMR LLC raised its holdings in C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the last quarter. Interval Partners LP bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $82,581,000. Point72 Asset Management L.P. purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth $69,378,000. ProShare Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after buying an additional 249,774 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

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.