C.H. Robinson Worldwide Inc. (CHRW) Stock Price Up 3.2%
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)’s share price rose 3.2% during mid-day trading on Thursday . The stock traded as high as $71.81 and last traded at $71.61, with a volume of 2,321,105 shares changing hands. The stock had previously closed at $69.42.
Several equities research analysts recently weighed in on CHRW shares. JPMorgan Chase & Co. started coverage on shares of C.H. Robinson Worldwide in a research report on Monday, July 11th. They set an “underweight” rating and a $66.00 price target for the company. Barclays PLC reduced their price target on shares of C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Raymond James Financial Inc. reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Monday, July 18th. Citigroup Inc. downgraded shares of C.H. Robinson Worldwide to a “market perform” rating in a research report on Monday, July 18th. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “hold” rating and set a $71.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $75.17.
The company has a market cap of $10.18 billion and a price-to-earnings ratio of 19.43. The firm has a 50-day moving average price of $69.80 and a 200-day moving average price of $72.08.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. During the same period in the previous year, the business posted $0.94 EPS. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.42 billion. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide Inc. will post $3.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, August 31st.
C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.
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