Stifel Nicolaus Lowers C.H. Robinson Worldwide to Hold (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $55.00 price target on the stock. Stifel Nicolaus’ target price indicates a potential downside of 19.56% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $62.69.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 68.37 on Wednesday. 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 $67.08 and a 200-day moving average of $59.75. The company has a market cap of $10.061 billion and a price-to-earnings ratio of 24.98. C.H. Robinson Worldwide also was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 15,317,297 shares, a growth of 11.3% from the July 31st total of 13,763,073 shares. Currently, 10.5% of the shares of the stock are sold short. Based on an average daily volume of 2,224,997 shares, the days-to-cover ratio is currently 6.9 days.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings data 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. 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 declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 2.05%. The ex-dividend date of this dividend is Wednesday, September 3rd.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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