Robert W. Baird Reaffirms “Hold” Rating for C.H. Robinson Worldwide (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a report issued on Tuesday. They presently have a $90.00 price objective on the transportation company’s stock. Robert W. Baird’s target price suggests a potential downside of 1.57% from the company’s previous close.
CHRW has been the subject of several other research reports. Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $86.00 in a research report on Tuesday, October 10th. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $85.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed 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. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $78.18.
C.H. Robinson Worldwide (CHRW) traded down $0.02 on Tuesday, hitting $91.44. 1,043,000 shares of the stock traded hands, compared to its average volume of 1,253,586. The company has a market cap of $12,750.00, a P/E ratio of 27.30, a P/E/G ratio of 2.77 and a beta of 0.48. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $92.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. sell-side analysts expect that C.H. Robinson Worldwide will post 3.34 earnings per share for the current year.
In other news, VP Ben G. Campbell sold 4,865 shares of the company’s stock in a transaction that occurred on 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 directly owns 29,837 shares of the company’s stock, valued at approximately $2,536,145. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Angela K. Freeman sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Insiders have sold a total of 22,903 shares of company stock valued at $1,854,925 over the last three months. 0.85% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Nicolet Bankshares Inc. acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $202,000. Integrated Investment Consultants LLC lifted its stake in C.H. Robinson Worldwide by 39.0% during the third 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 during the last quarter. Fox Run Management L.L.C. acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $205,000. Conning Inc. acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $213,000. Finally, Zions Bancorporation acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $223,000. 94.22% of the stock is owned by institutional investors.
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About C.H. Robinson Worldwide
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.
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