C.H. Robinson Worldwide Price Target Increased to $72.00 by Analysts at Cowen and Company (CHRW)
Stock analysts at Cowen and Company increased their price target on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from $62.00 to $72.00 in a report issued on Thursday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 6.35% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday. They now have a $68.00 price target on the stock, up previously from $60.00. Finally, analysts at Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $68.00 price target on the stock, up previously from $52.00. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $63.62.
In other C.H. Robinson Worldwide news, SVP Scott Satterlee sold 5,916 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $67.18, for a total value of $397,436.88. The transaction was disclosed in a filing with the SEC, which is available at this link.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.36% during mid-day trading on Thursday, hitting $67.70. 2,656,676 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a one year low of $50.21 and a one year high of $69.50. The stock’s 50-day moving average is $64.46 and its 200-day moving average is $58.02. The company has a market cap of $10.008 billion and a price-to-earnings ratio of 24.68.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 29th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. C.H. Robinson Worldwide’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post $2.96 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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