TD Cowen Has Lowered Expectations for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lowered by stock analysts at TD Cowen from $200.00 to $155.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price indicates a potential downside of 9.22% from the stock’s previous close.

A number of other brokerages have also commented on CHRW. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday. UBS Group upped their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Citizens Jmp began coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.84.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $3.71 during mid-day trading on Tuesday, reaching $170.75. 820,255 shares of the company were exchanged, compared to its average volume of 2,000,699. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a market cap of $20.13 billion, a PE ratio of 34.71, a PEG ratio of 1.60 and a beta of 0.91. C.H. Robinson Worldwide has a 12 month low of $96.89 and a 12 month high of $210.33. The company has a fifty day moving average of $187.62 and a 200 day moving average of $180.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company 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 was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide will post 6.12 EPS for the current fiscal year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $25,000. Millstone Evans Group LLC boosted its stake in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. DV Equities LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the period. 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.