C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $85.00 at Barclays

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective boosted by Barclays from $75.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential downside of 18.54% from the stock’s current price.

CHRW has been the topic of several other research reports. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Benchmark raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. TD Cowen boosted their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, Citigroup initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They set a “neutral” rating and a $115.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $103.24.

C.H. Robinson Worldwide Trading Down 4.8 %

Shares of NASDAQ CHRW traded down $5.29 during midday trading on Thursday, hitting $104.35. The company’s stock had a trading volume of 1,835,442 shares, compared to its average volume of 1,531,802. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market cap of $12.24 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The business’s 50 day moving average is $105.68 and its two-hundred day moving average is $92.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its position in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Interval Partners LP acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $82,581,000. Pzena Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $66,474,000. Point72 Asset Management L.P. acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $69,378,000. Finally, ProShare Advisors LLC grew 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 buying an additional 526,872 shares during the last quarter. Institutional investors and hedge funds 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.