C.H. Robinson Worldwide Receives Consensus Rating of “Hold” from Analysts (NASDAQ:CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) has earned a consensus rating of “Hold” from the sixteen analysts that are covering the company, AnalystRatingsNetwork.com reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $63.33.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 68.62 on Monday. 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 $66.17 and its 200-day moving average is $58.93. The company has a market cap of $10.098 billion and a P/E ratio of 25.12.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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 $2.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, September 3rd.
In other C.H. Robinson Worldwide news, SVP Chris Obrien unloaded 1,400 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $68.11, for a total transaction of $95,354.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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