A number of research firms have changed their ratings and price targets for C.H. Robinson Worldwide (NASDAQ: CHRW):

  • 10/3/2017 – C.H. Robinson Worldwide was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $77.00 price target on the stock, up previously from $72.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/2/2017 – C.H. Robinson Worldwide had its price target raised by analysts at Barclays PLC from $67.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 9/26/2017 – C.H. Robinson Worldwide was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Shares of C.H. Robinson have outperformed its industry in the last three months. We are encouraged by the company's efforts to expand globally through mergers. The latest acquisition of Milgram & Company will boost  the company's global presence and will be accretive in 2018. Last year the company acquired APC Logistics. This deal has boosted C.H. Robinson’s presence in the Austalia- New Zealand region. We are also impressed by the company’s efforts to reward shareholders. At its investor day in May 2017, the company said that it still expects earnings per share to grow at over 10% in the long term. However, the company has been struggling on the bottom line front due to higher costs. In fact, headwinds like high costs are likely to hurt the bottom line going forward.”
  • 9/26/2017 – C.H. Robinson Worldwide had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $78.00 price target on the stock.
  • 9/19/2017 – C.H. Robinson Worldwide was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of C.H. Robinson have underperformed its industry in the last six months. Further adding to its woes, the company has been struggling on the bottom line front due to higher costs. In fact, headwinds like high costs are likely to hurt the bottom line going forward. The company's slow economic growth in certain key markets in addition to adverse foreign exchange movements is a matter of concern. The below-par performance of the truckload division is also worrisome. The company's high debt levels raise concerns as well. We are however, encouraged by the company's latest acquisition of Milgram & Company. We are also impressed by the company’s efforts to reward shareholders.”
  • 9/5/2017 – C.H. Robinson Worldwide was upgraded by analysts at UBS AG from a “sell” rating to a “neutral” rating. They now have a $75.00 price target on the stock, up previously from $65.00.
  • 8/30/2017 – C.H. Robinson Worldwide was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $90.00 price target on the stock, up previously from $73.00.
  • 8/25/2017 – C.H. Robinson Worldwide had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $68.00 price target on the stock.
  • 8/5/2017 – C.H. Robinson Worldwide was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded down 1.51% during midday trading on Tuesday, hitting $76.13. The stock had a trading volume of 2,355,352 shares. C.H. Robinson Worldwide, Inc. has a 52 week low of $63.41 and a 52 week high of $81.16. The company has a market cap of $10.69 billion, a PE ratio of 22.33 and a beta of 0.41. The stock’s 50 day moving average price is $71.40 and its 200-day moving average price is $70.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were issued a $0.45 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 2.36%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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