Credit Suisse Increases C.H. Robinson Worldwide Price Target to $59.00 (CHRW)
Investment analysts at Credit Suisse raised their price target on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from $56.00 to $59.00 in a note issued to investors on Friday. Credit Suisse’s target price would indicate a potential downside of 7.02% from the company’s current price.
A number of other analysts have also recently weighed in on CHRW. Analysts at Zacks reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday. They now have a $67.00 price target on the stock. Separately, analysts at BB&T Corp. raised their price target on shares of C.H. Robinson Worldwide to $69.00 in a research note on Thursday, June 19th. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, May 27th. They now have a $60.00 price target on the stock, up previously from $57.00. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $60.17.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 0.23% during mid-day trading on Friday, hitting $63.31. 338,367 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a 52-week low of $50.21 and a 52-week high of $64.39. The stock has a 50-day moving average of $62.09 and a 200-day moving average of $57.06. The company has a market cap of $9.397 billion and a P/E ratio of 24.06.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.02. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company posted $0.64 earnings per share. C.H. Robinson Worldwide’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide will post $2.86 EPS for the current fiscal year.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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