Susquehanna Issues Positive Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target raised by equities research analysts at Susquehanna from $215.00 to $226.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target points to a potential upside of 15.01% from the company’s previous close.

CHRW has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup lifted their target price on C.H. Robinson Worldwide from $199.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America reduced their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. TD Cowen increased their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.48.

C.H. Robinson Worldwide Trading Up 1.6%

CHRW opened at $196.50 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide has a fifty-two week low of $96.27 and a fifty-two week high of $203.34. The company’s 50 day moving average price is $181.06 and its two-hundred day moving average price is $178.38. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 1.67 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide will post 6.09 earnings per share for the current year.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $579,922,000. Auto Owners Insurance Co grew its stake in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the period. Norges Bank bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth approximately $236,665,000. Finally, Capital World Investors acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $165,976,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.