C.H. Robinson Worldwide Inc. (CHRW) Receives $74.64 Consensus PT from Analysts
Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) have been assigned an average rating of “Hold” from the twenty-three research firms that are covering the firm. Four equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $74.64.
CHRW has been the topic of several analyst reports. Buckingham Research reiterated a “buy” rating and issued a $87.00 target price (up previously from $79.00) on shares of C.H. Robinson Worldwide in a research note on Sunday, October 9th. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 price target (up previously from $79.00) on shares of C.H. Robinson Worldwide in a report on Sunday, September 4th. Barclays PLC downgraded C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $78.00 to $72.00 in a report on Monday, September 12th. Vetr downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 price target for the company. in a report on Monday, October 10th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $71.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 68.67 on Thursday. The company has a 50-day moving average of $69.58 and a 200 day moving average of $71.51. C.H. Robinson Worldwide has a 12-month low of $59.71 and a 12-month high of $76.10. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 18.71 and a beta of 0.28.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.00. C.H. Robinson Worldwide had a return on equity of 44.60% and a net margin of 4.06%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide will post $3.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 46.87%.
Several hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its stake in C.H. Robinson Worldwide by 20.4% in the third quarter. CWM LLC now owns 320,464 shares of the company’s stock worth $22,580,000 after buying an additional 54,378 shares during the period. Integrated Investment Consultants LLC boosted its stake in C.H. Robinson Worldwide by 6.9% in the third quarter. Integrated Investment Consultants LLC now owns 1,550 shares of the company’s stock worth $109,000 after buying an additional 100 shares during the period. National Pension Service boosted its stake in C.H. Robinson Worldwide by 9.5% in the third quarter. National Pension Service now owns 121,378 shares of the company’s stock worth $8,552,000 after buying an additional 10,536 shares during the period. Private Bank & Trust Co. acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $616,000. Finally, Community Bank N.A. boosted its stake in C.H. Robinson Worldwide by 24.7% in the third quarter. Community Bank N.A. now owns 11,300 shares of the company’s stock worth $796,000 after buying an additional 2,240 shares during the period. Institutional investors and hedge funds own 82.33% of the company’s stock.
C.H. Robinson Worldwide Company Profile
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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