C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $76.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $70.00 to $76.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 8.70% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. BNP Paribas reiterated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Wells Fargo & Company cut their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. Finally, BMO Capital Markets lowered their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.60.

C.H. Robinson Worldwide Trading Up 15.5 %

Shares of NASDAQ CHRW traded up $11.15 during midday trading on Thursday, hitting $83.24. 2,622,843 shares of the company traded hands, compared to its average volume of 1,623,537. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $106.14. The firm has a market cap of $9.74 billion, a P/E ratio of 30.64, a P/E/G ratio of 3.65 and a beta of 0.75. The stock has a 50-day moving average price of $72.55 and a 200 day moving average price of $79.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide will post 3.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Tobam lifted its position in shares of C.H. Robinson Worldwide by 30.1% during the first quarter. Tobam now owns 108,123 shares of the transportation company’s stock valued at $8,232,000 after buying an additional 25,027 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in C.H. Robinson Worldwide by 17.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,046 shares of the transportation company’s stock valued at $232,000 after buying an additional 445 shares in the last quarter. Blackhawk Capital Partners LLC. acquired a new stake in C.H. Robinson Worldwide in the first quarter worth about $1,468,000. Janney Montgomery Scott LLC raised its position in shares of C.H. Robinson Worldwide by 30.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock valued at $11,039,000 after purchasing an additional 33,995 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in C.H. Robinson Worldwide by 7.8% during the 1st quarter. BNP Paribas Financial Markets now owns 168,056 shares of the transportation company’s stock worth $12,796,000 after purchasing an additional 12,162 shares during the last quarter. 93.15% of the stock is owned by 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.