C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price upped by Credit Suisse Group from $82.00 to $86.00 in a research report sent to investors on Thursday morning. The firm currently has an underperform rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on CHRW. Zacks Investment Research cut C.H. Robinson Worldwide from a buy rating to a hold rating in a research note on Wednesday, April 4th. Morgan Stanley cut their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underweight rating for the company in a research note on Friday, April 6th. BidaskClub cut C.H. Robinson Worldwide from a strong-buy rating to a buy rating in a research note on Saturday, April 7th. Robert W. Baird restated a hold rating and set a $100.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, April 10th. Finally, UBS Group upgraded C.H. Robinson Worldwide from a neutral rating to a buy rating and set a $110.00 target price for the company in a research note on Monday, April 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. C.H. Robinson Worldwide currently has a consensus rating of Hold and a consensus price target of $93.21.

C.H. Robinson Worldwide traded up $0.36, hitting $95.79, on Thursday, according to MarketBeat.com. 1,021,800 shares of the company’s stock were exchanged, compared to its average volume of 1,444,850. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.30. C.H. Robinson Worldwide has a 52 week low of $65.55 and a 52 week high of $100.18. The stock has a market capitalization of $13.28 billion, a PE ratio of 27.53, a PEG ratio of 2.41 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. sell-side analysts expect that C.H. Robinson Worldwide will post 4.39 earnings per share for the current year.

C.H. Robinson Worldwide declared that its Board of Directors has approved a share buyback plan on Thursday, May 10th that permits the company to repurchase 15,000,000 shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Piedmont Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $132,000. Sit Investment Associates Inc. lifted its stake in shares of C.H. Robinson Worldwide by 77.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock valued at $148,000 after acquiring an additional 775 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $177,000. Institutional & Family Asset Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $184,000. Finally, Chicago Capital LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $201,000. Institutional investors own 90.88% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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