Citigroup Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $95.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by Citigroup from $85.00 to $95.00 in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also recently issued reports on the company. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $84.00 to $98.00 and gave the company an outperform rating in a research note on Thursday. UBS Group boosted their price objective on C.H. Robinson Worldwide from $94.00 to $101.00 and gave the company a buy rating in a research report on Wednesday. Stifel Nicolaus downgraded shares of C.H. Robinson Worldwide from a buy rating to a hold rating and raised their target price for the stock from $79.00 to $94.00 in a report on Thursday. They noted that the move was a valuation call. Loop Capital cut shares of C.H. Robinson Worldwide from a buy rating to a hold rating and set a $96.00 price target for the company. in a report on Thursday. Finally, Barclays lowered their price objective on shares of C.H. Robinson Worldwide from $95.00 to $85.00 and set an overweight rating for the company in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $83.79.

C.H. Robinson Worldwide stock opened at $93.72 on Thursday. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 3.64 and a beta of 0.58. The company’s 50 day simple moving average is $81.55 and its 200 day simple moving average is $75.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.56 and a quick ratio of 1.44. C.H. Robinson Worldwide has a fifty-two week low of $56.94 and a fifty-two week high of $99.22.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 28th. The transportation company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a net margin of 3.10% and a return on equity of 28.22%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the business posted $1.22 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide will post 2.86 EPS for the current fiscal year.

In other news, insider Angela K. Freeman sold 1,480 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $77.64, for a total value of $114,907.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.82% of the company’s stock.

Several hedge funds have recently bought and sold shares of CHRW. Dumont & Blake Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 1.6% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 9,396 shares of the transportation company’s stock valued at $743,000 after purchasing an additional 144 shares during the last quarter. Carlson Capital Management grew its stake in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Carlson Capital Management now owns 6,349 shares of the transportation company’s stock valued at $459,000 after buying an additional 150 shares during the last quarter. Taylor Frigon Capital Management LLC grew its stake in C.H. Robinson Worldwide by 1.4% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 11,011 shares of the transportation company’s stock valued at $729,000 after buying an additional 155 shares during the last quarter. D.B. Root & Company LLC raised its holdings in C.H. Robinson Worldwide by 2.5% in the 1st quarter. D.B. Root & Company LLC now owns 6,414 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 158 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. lifted its position in C.H. Robinson Worldwide by 0.6% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,125 shares of the transportation company’s stock worth $1,928,000 after acquiring an additional 184 shares during the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.

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

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