C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Wall Street Zen

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Wall Street Zen reports.

A number of other research firms have also commented on CHRW. Susquehanna lifted their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $191.20.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $143.82 on Wednesday. The business’s 50-day simple moving average is $147.40 and its 200-day simple moving average is $168.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide has a 52 week low of $125.35 and a 52 week high of $210.33. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 6.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of CHRW. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $25,000. Millstone Evans Group LLC raised 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 valued at $27,000 after purchasing an additional 71 shares during the last quarter. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. 93.15% of the stock is owned by institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.