C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Lowered to “Hold” at Wall Street Zen

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also weighed in on CHRW. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $197.00.

Read Our Latest Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $150.39 on Friday. C.H. Robinson Worldwide has a 52 week low of $123.64 and a 52 week high of $210.33. The business has a 50-day simple moving average of $171.72 and a 200 day simple moving average of $175.30. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $17.57 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in the stock. Vestcor Inc lifted its stake in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after acquiring an additional 51 shares during the period. Horizon Investments LLC increased its position in C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 58 shares during the period. Dogwood Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of 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 worth $31,000 after purchasing an additional 67 shares during the period. Finally, Elevation Point Wealth Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 1.7% in the 4th quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock worth $663,000 after purchasing an additional 69 shares during the period. 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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