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

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

A number of research firms recently issued reports on CHRW. 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. BMO Capital Markets cut their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Wells Fargo & Company decreased their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research note on Monday, October 12th. Finally, UBS Group lowered their price target on shares of C.H. Robinson Worldwide from $230.00 to $204.00 and set a “buy” rating for the company in a report on Thursday.

C.H. Robinson Worldwide Trading Up 3.3%

Shares of C.H. Robinson Worldwide stock opened at $128.71 on Friday. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.06 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide has a 12-month low of $122.21 and a 12-month high of $210.33. The firm’s 50-day moving average price is $145.02 and its two-hundred day moving average price is $169.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The company’s revenue was up 29.5% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide will post 6.34 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 45.24%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently modified their holdings of the business. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Dimensional Fund Advisors LP raised its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE raised its stake in shares of C.H. Robinson Worldwide by 13.7% in 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 buying an additional 127,103 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $123,176,000. Institutional investors own 93.15% of the company’s stock.

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.