C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $70.00 at Barclays

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target raised by Barclays from $65.00 to $70.00 in a report released on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price would indicate a potential downside of 13.79% from the stock’s current price.

CHRW has been the topic of a number of other research reports. BNP Paribas reiterated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Wells Fargo & Company decreased 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. Susquehanna upped their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets decreased their target price on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.60.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded up $0.27 during midday trading on Thursday, reaching $81.20. 2,545,846 shares of the company were exchanged, compared to its average volume of 1,743,609. The stock’s 50-day moving average price is $72.85 and its 200-day moving average price is $79.15. The stock has a market cap of $9.50 billion, a P/E ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business’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 EPS. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 3.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of CHRW. Vision Capital Management Inc. grew its position in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after purchasing an additional 129 shares during the period. Cascade Investment Advisors Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1.1% in the third quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock valued at $1,177,000 after buying an additional 145 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of C.H. Robinson Worldwide by 2.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock worth $503,000 after acquiring an additional 165 shares in the last quarter. Finally, Kentucky Retirement Systems raised its holdings in shares of C.H. Robinson Worldwide by 2.0% in the 4th quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock worth $806,000 after acquiring an additional 181 shares during the last quarter. 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.