Raymond James Financial Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) had its price objective cut by investment analysts at Raymond James Financial from $210.00 to $203.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price target points to a potential upside of 6.13% from the company’s previous close.

CHRW has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target on the stock. in a report on Monday, June 15th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.35.

Get Our Latest Analysis on CHRW

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $191.27 on Thursday. The firm has a 50 day moving average of $179.97 and a 200-day moving average of $176.71. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide has a 52 week low of $96.27 and a 52 week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company earned $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide will post 6.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. Millstone Evans Group LLC increased its stake in shares of 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 purchasing an additional 71 shares during the last quarter. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $27,000. Finally, CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

(Get Free Report)

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.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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