Raymond James Financial Cuts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $203.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price reduced by equities research analysts at Raymond James Financial from $210.00 to $203.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s target price indicates a potential upside of 6.13% from the company’s current price.

Other research analysts also recently issued research reports about the company. UBS Group boosted their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Barclays raised their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $195.35.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $191.27 on Thursday. The firm’s 50 day simple moving average is $179.97 and its 200 day simple moving average is $176.71. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 1.63 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide has a 1 year low of $96.27 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide will post 6.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $27,000. Millstone Evans Group LLC boosted its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. DV Equities LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $27,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $30,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.