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 note issued to investors on Sunday, Wall Street Zen reports.

Several other research firms also recently weighed in on CHRW. Evercore reissued an “outperform” rating and set a $237.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. TD Cowen dropped their price objective on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.56.

Check Out Our Latest Stock Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Trading Down 0.1%

C.H. Robinson Worldwide stock opened at $152.84 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $17.86 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The stock has a 50-day moving average of $160.10 and a two-hundred day moving average of $171.68. C.H. Robinson Worldwide has a one year low of $123.64 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion for 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 was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $579,922,000. Geode Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after buying an additional 16,961 shares during the last quarter. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $236,665,000. Dimensional Fund Advisors LP grew its holdings in C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Finally, Bank of America Corp DE grew its holdings in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after acquiring an additional 127,103 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

(Get Free Report)

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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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

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