C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $88.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective hoisted by Robert W. Baird from $80.00 to $88.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price target points to a potential upside of 0.56% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Bank of America dropped their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. BNP Paribas reissued a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Raymond James began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They issued a “market perform” rating on the stock. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $85.53.

C.H. Robinson Worldwide Stock Up 1.6 %

CHRW opened at $87.51 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.55 and a beta of 0.80. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $100.88. The company’s 50-day moving average price is $84.02 and its two-hundred day moving average price is $79.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV increased its holdings in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the last quarter. Montag A & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $30,000. Pacific Center for Financial Services purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. UMB Bank n.a. boosted its position in C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares during the period. Finally, Evermay Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after buying an additional 420 shares during the period. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.