BidaskClub Downgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to Sell

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

CHRW has been the subject of a number of other reports. Citigroup lowered shares of BCE from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a “hold” rating in a research note on Monday, July 8th. Stephens set a $71.00 price target on shares of Saia and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Stifel Nicolaus set a $95.00 price target on shares of C.H. Robinson Worldwide and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Susquehanna Bancshares lowered shares of Echo Global Logistics from a “positive” rating to a “neutral” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $93.71.

NASDAQ CHRW opened at $85.06 on Friday. The stock has a 50-day moving average price of $82.19. The company has a market cap of $11.31 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.87 and a beta of 0.63. C.H. Robinson Worldwide has a 52 week low of $77.72 and a 52 week high of $101.20. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.98 billion. C.H. Robinson Worldwide had a net margin of 4.16% and a return on equity of 43.21%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.91 earnings per share for the current year.

In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average cost of $83.18 per share, with a total value of $99,982.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.65% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in CHRW. Farmers National Bank acquired a new stake in C.H. Robinson Worldwide during the first quarter valued at approximately $26,000. Bremer Bank National Association purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of C.H. Robinson Worldwide by 32.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 572 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 140 shares in the last quarter. Claybrook Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $53,000. Finally, Rational Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $55,000. 85.68% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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