C.H. Robinson Worldwide Downgraded by RBC Capital to Underperform (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by RBC Capital from a “sector perform” rating to an “underperform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
CHRW has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research note to investors on Tuesday, August 27th. They now have a $60.00 price target on the stock, up previously from $59.00. Separately, analysts at Zacks upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 22nd. They now have a $59.00 price target on the stock. Finally, analysts at Sanford C. Bernstein cut their price target on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from $70.00 to $66.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.92.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 2.65% during mid-day trading on Monday, hitting $58.85. The stock had a trading volume of 387,769 shares. C.H. Robinson Worldwide has a 52 week low of $53.74 and a 52 week high of $67.93. The stock’s 50-day moving average is $58.51 and its 200-day moving average is $58.21. The company has a market cap of $9.377 billion and a price-to-earnings ratio of 16.53.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.04. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company posted $0.71 earnings per share. C.H. Robinson Worldwide’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide will post $2.80 EPS for the current fiscal year.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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