C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $107.00 Price Target at The Goldman Sachs Group

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price hoisted by stock analysts at The Goldman Sachs Group from $97.00 to $107.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 4.45% from the stock’s previous close.

CHRW has been the subject of several other research reports. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Barclays raised their price target on C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an “underweight” rating in a report on Thursday. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday. Finally, Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.53.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $0.60 during trading hours on Friday, hitting $102.44. 591,766 shares of the company’s stock were exchanged, compared to its average volume of 1,537,988. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $113.10. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50-day moving average is $105.72 and its 200-day moving average is $92.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that C.H. Robinson Worldwide will post 4.21 EPS for the current year.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its holdings in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Quent Capital LLC raised its position in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. Eastern Bank bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. Finally, Peoples Bank KS bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $66,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.