C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Stifel Nicolaus from a “sell” rating to a “hold” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 4.66% on Tuesday, hitting $65.73. The stock had a trading volume of 6,230,474 shares. C.H. Robinson Worldwide has a 52 week low of $55.76 and a 52 week high of $77.49. The stock has a 50-day moving average of $72. and a 200-day moving average of $72.. The company has a market cap of $9.62 billion and a price-to-earnings ratio of 21.55.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.01. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide will post $3.41 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Analysts at Barclays lowered their price target on shares of C.H. Robinson Worldwide from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Tuesday. Analysts at Citigroup Inc. reiterated a “hold” rating and set a $72.00 price target (down previously from $76.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday. Finally, analysts at Zacks reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Monday, March 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.25.
C.H. Robinson Worldwide Inc is a provider of multimodal transportation services and logistics solutions, operating through a network of branch offices in North America, Europe, Asia, South America, Australia and the Middle East. The Company is a non-asset based transportation provider. It works with approximately 63,000 transportation companies across the world and through those relationships the Company selects and hires the appropriate transportation providers to meet its customers’ needs.
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