C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Target Lowered at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lowered by investment analysts at Susquehanna from $180.00 to $166.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna‘s price target would suggest a potential upside of 33.22% from the stock’s previous close.

CHRW has been the topic of several other reports. Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets reduced their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a report on Friday, October 16th. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Stifel Nicolaus cut their price target on C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $180.52.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $124.61 on Monday. The business’s 50 day moving average price is $145.28 and its 200 day moving average price is $169.57. The firm has a market cap of $14.56 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.02 and a beta of 0.95. C.H. Robinson Worldwide has a 52 week low of $122.21 and a 52 week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.34 and a debt-to-equity ratio of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the company earned $1.40 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 6.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Dimensional Fund Advisors LP boosted its position in C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its position in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $123,176,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.