C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Receives $84.60 Consensus Price Target from Analysts
C.H. Robinson Worldwide Inc (NASDAQ:CHRW) has been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $84.60.
A number of brokerages have recently issued reports on CHRW. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Goldman Sachs Group downgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating in a report on Friday, November 1st. Barclays restated a “hold” rating and set a $95.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 3rd. Robert W. Baird cut their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Friday, July 26th.
Shares of NASDAQ:CHRW traded down $1.08 during trading on Thursday, reaching $78.06. 1,650,500 shares of the company’s stock traded hands, compared to its average volume of 1,386,929. The company has a 50-day simple moving average of $83.72 and a 200-day simple moving average of $83.49. The firm has a market cap of $10.33 billion, a PE ratio of 16.50, a P/E/G ratio of 1.89 and a beta of 0.62. The company has a quick ratio of 1.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.75. C.H. Robinson Worldwide has a fifty-two week low of $74.12 and a fifty-two week high of $94.34.
In related news, insider Ben G. Campbell sold 20,425 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,715,700.00. Following the completion of the sale, the insider now owns 43,006 shares in the company, valued at approximately $3,612,504. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. bought 665 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $75.15 per share, with a total value of $49,974.75. The disclosure for this purchase can be found here. 1.65% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Berman Capital Advisors LLC increased its holdings in C.H. Robinson Worldwide by 245.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 233 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in C.H. Robinson Worldwide by 813.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 338 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 301 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of C.H. Robinson Worldwide in the second quarter worth $42,000. Signaturefd LLC grew its stake in shares of C.H. Robinson Worldwide by 98.9% in the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after acquiring an additional 262 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $47,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.
About C.H. Robinson Worldwide
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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.
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