C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $215.00 Price Target at Truist Financial

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by investment analysts at Truist Financial from $210.00 to $215.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Truist Financial’s price target indicates a potential upside of 7.71% from the stock’s previous close.

A number of other analysts have also issued reports on CHRW. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial reduced their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday, July 2nd. Finally, Barclays boosted their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $198.62.

C.H. Robinson Worldwide Trading Up 1.6%

C.H. Robinson Worldwide stock opened at $199.61 on Wednesday. The firm has a market cap of $23.53 billion, a PE ratio of 40.41, a P/E/G ratio of 1.69 and a beta of 0.91. C.H. Robinson Worldwide has a 12 month low of $96.27 and a 12 month high of $203.34. The stock’s 50 day simple moving average is $181.71 and its two-hundred day simple moving average is $178.63. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business posted $1.17 EPS. The business’s revenue was down .9% compared to the same quarter last year. Analysts anticipate that C.H. Robinson Worldwide will post 6.11 earnings per share for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of CHRW. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $27,000. Millstone Evans Group LLC increased its stake in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the period. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $30,000. 93.15% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.