C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Has Average Target Price of $182.92 According to Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been assigned an average rating of “Moderate Buy” from the twenty-five analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $180.52.

A number of research analysts recently issued reports on the company. Stifel Nicolaus dropped their price target on C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. BMO Capital Markets reduced their price objective on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research note on Friday, October 16th. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Raymond James Financial set a $163.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dogwood Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after acquiring an additional 65 shares in the last quarter. Cornerstone Planning Group LLC grew its stake 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 valued at $31,000 after acquiring an additional 67 shares during the period. Millstone Evans Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after acquiring an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after purchasing an additional 82 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $133.84 on Friday. The stock has a market cap of $15.52 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $144.63 and a 200-day simple moving average of $168.94. C.H. Robinson Worldwide has a 12-month low of $122.21 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the firm posted $1.40 EPS. The company’s revenue was up 29.5% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide will post 6.36 EPS for the current fiscal year.

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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.