C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, TD Cowen Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price hoisted by TD Cowen from $103.00 to $113.00 in a report released on Thursday, Marketbeat reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target indicates a potential upside of 10.98% from the company’s current price.

CHRW has been the topic of several other research reports. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Citigroup initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, October 9th. They set a “neutral” rating and a $115.00 price target for the company. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.53.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of NASDAQ CHRW opened at $101.82 on Thursday. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50-day moving average of $105.72 and a two-hundred day moving average of $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC grew its position in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in C.H. Robinson Worldwide by 168.2% during the second 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 acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $49,000. Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.