C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Has Average Price Target of $196.64

by · The Cerbat Gem

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $194.76.

Several equities analysts have weighed in on the stock. Stephens lowered their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Robert W. Baird decreased their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th.

Get Our Latest Analysis on CHRW

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $25,000. Millstone Evans Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.7%

CHRW stock opened at $142.31 on Tuesday. C.H. Robinson Worldwide has a twelve month low of $123.64 and a twelve month high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $16.63 billion, a P/E ratio of 27.16, a PEG ratio of 1.19 and a beta of 0.94. The business’s 50-day moving average price is $148.22 and its 200-day moving average price is $168.79.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the company posted $1.29 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. On average, equities research analysts forecast that C.H. Robinson Worldwide will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

C.H. Robinson Worldwide Company Profile

(Get Free Report)

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

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