C.H. Robinson Worldwide Inc. (CHRW) Downgraded by Vetr Inc.
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $73.30 price objective on the stock. Vetr‘s price target indicates a potential upside of 3.39% from the company’s previous close.
Several other research analysts have also recently issued reports on CHRW. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. JPMorgan Chase & Co. started coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They issued an “underweight” rating and a $66.00 target price for the company. Citigroup Inc. cut shares of C.H. Robinson Worldwide to a “market perform” rating in a report on Monday, July 18th. They noted that the move was a valuation call. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Monday, July 18th. Finally, Barclays PLC decreased their target price on shares of C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $75.08.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.80% during midday trading on Monday, reaching $70.90. 1,023,999 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a 52-week low of $59.71 and a 52-week high of $76.10. The firm has a market cap of $10.12 billion, a PE ratio of 19.31 and a beta of 0.28. The firm’s 50-day moving average is $69.46 and its 200 day moving average is $71.65.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/c-h-robinson-worldwide-inc-chrw-downgraded-by-vetr-inc.html
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The business earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.42 billion. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. Equities research analysts expect that C.H. Robinson Worldwide will post $3.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were given a dividend of $0.43 per share. The ex-dividend date was Wednesday, August 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.43%. C.H. Robinson Worldwide’s dividend payout ratio is 46.87%.
Several institutional investors have recently modified their holdings of CHRW. Integrated Investment Consultants LLC raised its position in shares of C.H. Robinson Worldwide by 176.2% in the second quarter. Integrated Investment Consultants LLC now owns 1,450 shares of the company’s stock worth $108,000 after buying an additional 925 shares in the last quarter. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 34.2% in the second quarter. Van ECK Associates Corp now owns 1,699 shares of the company’s stock worth $126,000 after buying an additional 433 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 76.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,765 shares of the company’s stock worth $131,000 after buying an additional 762 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 7.2% in the second quarter. Pacer Advisors Inc. now owns 2,606 shares of the company’s stock worth $193,000 after buying an additional 176 shares in the last quarter. Finally, BB&T Securities LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth $210,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.
About C.H. Robinson Worldwide
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for C.H. Robinson Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.