C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $67.00 at Morgan Stanley

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) had its target price increased by research analysts at Morgan Stanley from $66.00 to $67.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price target would suggest a potential downside of 28.34% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $102.00 to $93.00 in a research note on Tuesday. Jefferies Financial Group assumed coverage on shares of C.H. Robinson Worldwide in a research note on Monday, October 24th. They set a “hold” rating and a $100.00 price target for the company. Credit Suisse Group lowered their price objective on C.H. Robinson Worldwide from $97.00 to $93.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 4th. KeyCorp cut their target price on C.H. Robinson Worldwide from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, StockNews.com initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.23.

C.H. Robinson Worldwide Stock Down 1.6 %

CHRW stock opened at $93.50 on Wednesday. C.H. Robinson Worldwide has a twelve month low of $86.57 and a twelve month high of $121.23. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. The company has a market cap of $11.01 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76. The business’s 50-day simple moving average is $94.63 and its 200 day simple moving average is $100.86.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The transportation company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.37). The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.37 billion. C.H. Robinson Worldwide had a return on equity of 54.77% and a net margin of 4.11%. On average, research analysts anticipate that C.H. Robinson Worldwide will post 7.84 earnings per share for the current year.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Jordan T. Kass sold 5,276 shares of the company’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $97.73, for a total value of $515,623.48. Following the completion of the sale, the insider now owns 45,603 shares in the company, valued at $4,456,781.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. boosted its stake in C.H. Robinson Worldwide by 53.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 62,560 shares of the transportation company’s stock worth $6,341,000 after acquiring an additional 21,686 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in C.H. Robinson Worldwide by 10.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,430 shares of the transportation company’s stock worth $330,000 after purchasing an additional 334 shares during the period. Wipfli Financial Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth $94,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $324,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $1,369,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and 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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