C.H. Robinson Worldwide Stock Rating Upgraded by Edward Jones (CHRW)
A number of other firms have also recently commented on CHRW. 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. Separately, 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. Finally, analysts at Deutsche Bank raised their price target on shares of C.H. Robinson Worldwide from $59.00 to $62.00 in a research note on Tuesday, July 22nd. Three investment 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 currently has an average rating of “Hold” and a consensus price target of $63.62.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.36% on Thursday, hitting $67.70. The stock had a trading volume of 2,656,676 shares. C.H. Robinson Worldwide has a 1-year low of $50.21 and a 1-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 P/E ratio of 24.68.
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 $2.96 earnings per share for the current fiscal year.
In other C.H. Robinson Worldwide news, SVP Scott Satterlee sold 5,916 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $67.18, for a total value of $397,436.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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