BMO Capital Markets Forecasts Strong Price Appreciation for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price increased by stock analysts at BMO Capital Markets from $92.00 to $115.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target points to a potential upside of 9.21% from the company’s previous close.

Several other brokerages have also recently commented on CHRW. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their target price for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.65.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $105.30 on Thursday. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 2.19 and a beta of 0.82. The stock’s 50 day moving average is $105.68 and its 200-day moving average is $92.84. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quent Capital LLC lifted its stake in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the period. Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $49,000. Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide in the third quarter worth $55,000. Institutional investors and hedge funds 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.