TD Cowen Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $103.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by investment analysts at TD Cowen from $86.00 to $103.00 in a report released on Thursday, Briefing.com reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price would indicate a potential upside of 15.67% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price target for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Susquehanna increased their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Wells Fargo & Company initiated coverage on C.H. Robinson Worldwide in a research report on Friday, June 7th. They set an “equal weight” rating and a $94.00 price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.00.

C.H. Robinson Worldwide Trading Down 0.3 %

CHRW opened at $89.05 on Thursday. The firm has a market cap of $10.43 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.33 and a beta of 0.80. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $100.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $87.12 and a 200 day moving average of $80.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. As a group, research analysts forecast that C.H. Robinson Worldwide will post 3.68 EPS for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quent Capital LLC raised its position in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the last quarter. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $30,000. UMB Bank n.a. increased its stake in C.H. Robinson Worldwide by 147.0% in the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares during the period. Finally, Evermay Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 336.0% in the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after buying an additional 420 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.