C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was upgraded by Bank of America Corporation from an “underperform” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports.

Several other equities analysts also recently issued reports on the stock. Stephens raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $73.00 to $90.00 in a report on Wednesday, August 30th. UBS AG raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $65.00 to $75.00 in a research note on Tuesday, September 5th. Deutsche Bank AG dropped their target price on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, July 21st. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $55.00 target price (down from $57.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.83.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 75.45 on Tuesday. C.H. Robinson Worldwide has a 52 week low of $63.41 and a 52 week high of $81.16. The firm has a 50 day moving average of $72.61 and a 200 day moving average of $70.66. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 22.13 and a beta of 0.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts predict that C.H. Robinson Worldwide will post $3.28 earnings per share for the current fiscal year.

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In related news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Integrated Investment Consultants LLC raised its stake in shares of C.H. Robinson Worldwide by 176.2% during the second quarter. Integrated Investment Consultants LLC now owns 1,450 shares of the transportation company’s stock worth $108,000 after buying an additional 925 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $108,000. TrimTabs Asset Management LLC raised its stake in shares of C.H. Robinson Worldwide by 89.1% during the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock worth $117,000 after buying an additional 712 shares during the last quarter. IFP Advisors Inc raised its stake in shares of C.H. Robinson Worldwide by 4.8% during the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock worth $124,000 after buying an additional 73 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its stake in shares of C.H. Robinson Worldwide by 76.0% during the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,765 shares of the transportation company’s stock worth $131,000 after buying an additional 762 shares during the last quarter. 90.10% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.

The Fly

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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