C.H. Robinson Worldwide Given Neutral Rating at Credit Suisse (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “neutral” rating reiterated by research analysts at Credit Suisse in a report released on Thursday. They currently have a $65.00 price objective on the stock, up from their previous price objective of $59.00. Credit Suisse’s price target would indicate a potential downside of 3.65% from the stock’s previous close.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 1.56% during mid-day trading on Thursday, hitting $67.46. 3,121,121 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 $69.50. The stock’s 50-day moving average is $64.29 and its 200-day moving average is $57.94. The company has a market cap of $9.972 billion and a price-to-earnings ratio of 25.08.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.92 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday. They now have a $63.00 price target on the stock, up previously from $62.00. Separately, analysts at Cowen and Company raised their price target on shares of C.H. Robinson Worldwide from $62.00 to $72.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Edward Jones upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.62.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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