C.H. Robinson Worldwide’s (CHRW) “Buy” Rating Reiterated at Buckingham Research
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)‘s stock had its “buy” rating reissued by equities researchers at Buckingham Research in a research report issued to clients and investors on Sunday. They currently have a $87.00 price target on the stock, up from their prior price target of $79.00. Buckingham Research’s price objective points to a potential upside of 23.68% from the company’s current price.
A number of other equities research analysts have also weighed in on CHRW. Stifel Nicolaus reaffirmed a “buy” rating and set a $81.00 target price (up from $79.00) on shares of C.H. Robinson Worldwide in a research report on Sunday, September 4th. RBC Capital Markets reaffirmed an “outperform” rating and set a $76.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th. Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Royal Bank Of Canada reduced their price target on C.H. Robinson Worldwide from $80.00 to $76.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Barclays PLC lowered C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $78.00 to $72.00 in a research report on Monday, September 12th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $75.08.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.11% during midday trading on Friday, hitting $70.34. The company had a trading volume of 1,043,810 shares. C.H. Robinson Worldwide has a 52 week low of $59.71 and a 52 week high of $76.10. The stock has a market capitalization of $10.04 billion, a PE ratio of 19.16 and a beta of 0.28. The stock has a 50 day moving average price of $69.42 and a 200-day moving average price of $71.69.
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C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business earned $3.30 billion during the quarter, compared to analyst estimates of $3.42 billion. C.H. Robinson Worldwide had a return on equity of 44.60% and a net margin of 4.06%. C.H. Robinson Worldwide’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. On average, equities analysts predict that C.H. Robinson Worldwide will post $3.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were issued a $0.43 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $1.72 annualized dividend and a dividend yield of 2.45%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 46.87%.
Several institutional investors have recently modified their holdings of CHRW. Commonwealth Equity Services Inc boosted its position in C.H. Robinson Worldwide by 1.1% in the first quarter. Commonwealth Equity Services Inc now owns 4,609 shares of the company’s stock worth $342,000 after buying an additional 52 shares during the last quarter. Aperio Group LLC boosted its position in C.H. Robinson Worldwide by 37.3% in the first quarter. Aperio Group LLC now owns 53,205 shares of the company’s stock worth $3,949,000 after buying an additional 14,457 shares during the last quarter. CIBC World Markets Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter worth $722,000. Ngam Advisors L.P. boosted its position in C.H. Robinson Worldwide by 96.9% in the first quarter. Ngam Advisors L.P. now owns 23,973 shares of the company’s stock worth $1,780,000 after buying an additional 11,797 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in C.H. Robinson Worldwide by 5.6% in the first quarter. TIAA CREF Investment Management LLC now owns 604,762 shares of the company’s stock worth $44,891,000 after buying an additional 31,846 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.
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