C.H. Robinson Worldwide Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) has earned an average rating of “Hold” from the sixteen analysts that are covering the company, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $63.33.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.86% on Monday, hitting $67.75. The stock had a trading volume of 54,365 shares. C.H. Robinson Worldwide has a 52-week low of $50.21 and a 52-week high of $69.50. The stock has a 50-day moving average of $65.64 and a 200-day moving average of $58.63. The company has a market cap of $9.970 billion and a P/E ratio of 24.58.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 29th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on CHRW shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. They now have a $65.00 price target on the stock, up previously from $59.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. They now have a $63.00 price target on the stock, up previously from $62.00. Finally, 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, July 31st. They now have a “market perform” rating on the stock.
In other C.H. Robinson Worldwide news, SVP Chris Obrien sold 1,600 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $67.90, for a total value of $108,640.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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