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C.H. Robinson Worldwide (NASDAQ:CHRW)’s share price reached a new 52-week low during trading on Wednesday, StockRatingsNetwork reports. The stock traded as low as $52.50 and last traded at $54.00, with a volume of 8,209,275 shares traded. The stock had previously closed at $58.64.

A number of research firms have recently commented on CHRW. 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 research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.36.

C.H. Robinson Worldwide has a 52-week low of $53.74 and a 52-week high of $62.46. The stock’s 50-day moving average is $57.72 and its 200-day moving average is $58.63. The company has a market cap of $8.119 billion and a P/E ratio of 16.14. C.H. Robinson Worldwide also was the target of some unusual options trading activity on Tuesday. Investors acquired 13,955 call options on the company. This represents an increase of 403% compared to the average volume of 2,775 call options.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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 $2.99 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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