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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price raised by research analysts at Susquehanna from $80.00 to $85.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 17.91% from the stock’s previous close.

CHRW has been the topic of several other reports. Barclays reiterated an “underweight” rating and issued a $65.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Bank of America reduced their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. TD Cowen upped their target price on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a report on Thursday. Finally, Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $81.87.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $72.09 on Thursday. The stock has a market cap of $8.43 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.65 and a beta of 0.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average is $72.56 and its 200-day moving average is $79.22. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.21. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide will post 3.24 earnings per share for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the period. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $52,341,000. Pinebridge Investments L.P. raised its position in shares of C.H. Robinson Worldwide by 105.5% during the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock worth $51,286,000 after purchasing an additional 304,709 shares during the period. Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 20.0% during the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock worth $145,333,000 after purchasing an additional 280,938 shares during the period. Finally, Invesco Ltd. raised its position in shares of C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after purchasing an additional 280,177 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

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.