C.H. Robinson Worldwide Stock Rating Reaffirmed by Deutsche Bank (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Friday, Analyst Ratings Net reports. They currently have a $56.00 price target on the stock, down from their previous price target of $57.00. Deutsche Bank’s price target would indicate a potential upside of 2.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $63.00 price target on the stock. Separately, analysts at FBR Capital Markets upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “market perform” rating in a research note on Monday, March 31st. They now have a $52.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $56.86.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 1.99% on Friday, hitting $54.87. The stock had a trading volume of 4,514,190 shares. C.H. Robinson Worldwide has a 52-week low of $50.21 and a 52-week high of $62.46. The stock’s 50-day moving average is $52.08 and its 200-day moving average is $56.57. The company has a market cap of $8.146 billion and a price-to-earnings ratio of 20.30.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.79 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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