C.H. Robinson Worldwide (CHRW) Rating Lowered to Buy at BidaskClub

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also weighed in on the company. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $86.00 in a research report on Tuesday, October 10th. Credit Suisse Group restated a “sell” rating and set a $68.00 price objective (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. They noted that the move was a valuation call. Cowen upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $87.00 in a research report on Monday, October 16th. Zacks Investment Research lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Oppenheimer restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $79.12.

C.H. Robinson Worldwide (NASDAQ CHRW) opened at $95.16 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55. C.H. Robinson Worldwide has a fifty-two week low of $63.41 and a fifty-two week high of $95.28. The company has a market capitalization of $13,270.00, a price-to-earnings ratio of 28.41, a PEG ratio of 2.64 and a beta of 0.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. C.H. Robinson Worldwide’s revenue was up 12.8% on a year-over-year basis. research analysts expect that C.H. Robinson Worldwide will post 3.35 earnings per share for the current fiscal year.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 1,738 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the sale, the insider now owns 24,348 shares in the company, valued at approximately $1,917,405. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ben G. Campbell sold 4,865 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the sale, the vice president now owns 29,837 shares in the company, valued at approximately $2,536,145. The disclosure for this sale can be found here. Insiders sold a total of 22,903 shares of company stock worth $1,854,925 in the last quarter. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors have recently made changes to their positions in CHRW. Nicolet Bankshares Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $202,000. Integrated Investment Consultants LLC boosted its position in shares of C.H. Robinson Worldwide by 39.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $205,000. MML Investors Services LLC boosted its position in shares of C.H. Robinson Worldwide by 10.2% during the 2nd quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 280 shares in the last quarter. Finally, Conning Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $213,000. Institutional investors own 94.35% of the company’s stock.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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