C.H. Robinson Worldwide Target of Unusually Large Options Trading (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) saw unusually large options trading on Tuesday. Traders bought 13,955 call options on the company, American Banking News.com reports. This is an increase of approximately 403% compared to the average volume of 2,775 call options.
A number of analysts have recently weighed in on CHRW shares. Analysts at Zacks reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, January 29th. They now have a $60.00 price target on the stock. Separately, analysts at KeyCorp initiated coverage on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, December 11th. They set a “hold” rating on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 6th. They now have a $63.00 price target on the stock, down previously from $68.00. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.36.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 1.58% during mid-day trading on Tuesday, hitting $58.64. 3,251,138 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a 1-year low of $53.74 and a 1-year high of $67.38. The stock has a 50-day moving average of $57. and a 200-day moving average of $58.64. The company has a market cap of $8.892 billion and a P/E ratio of 15.89.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings data on Wednesday, February 5th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.06. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company posted $0.68 earnings per share. C.H. Robinson Worldwide’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post $2.71 earnings per share for the current fiscal year.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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