C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) – Analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for C.H. Robinson Worldwide in a report issued on Wednesday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $3.30 per share for the year, up from their previous estimate of $3.20. KeyCorp has a “Buy” rating and a $85.00 price target on the stock. KeyCorp also issued estimates for C.H. Robinson Worldwide’s Q4 2017 earnings at $0.81 EPS and FY2018 earnings at $3.70 EPS.

A number of other equities analysts have also issued reports on CHRW. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Citigroup Inc. lowered their target price on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Stifel Nicolaus lowered their target price on shares of C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” rating on the stock in a research report on Thursday, July 20th. Bank of America Corporation lowered their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, July 20th. Finally, Barclays PLC restated a “hold” rating and set a $67.00 target price (down from $73.00) on shares of C.H. Robinson Worldwide in a research report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.63.

ILLEGAL ACTIVITY WARNING: “Equities Analysts Offer Predictions for C.H. Robinson Worldwide, Inc.’s FY2017 Earnings (CHRW)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/11/02/equities-analysts-offer-predictions-for-c-h-robinson-worldwide-inc-s-fy2017-earnings-chrw.html. C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.41%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the business posted $0.90 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year.

In related news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 1.8% during the second quarter. Vanguard Group Inc. now owns 15,399,851 shares of the transportation company’s stock worth $1,057,661,000 after purchasing an additional 270,521 shares during the period. BlackRock Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 3.6% during the second quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock worth $747,922,000 after purchasing an additional 377,726 shares during the period. Capital International Investors lifted its holdings in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. Capital International Investors now owns 8,678,462 shares of the transportation company’s stock worth $596,037,000 after purchasing an additional 469,829 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of C.H. Robinson Worldwide by 1.3% during the third quarter. Baillie Gifford & Co. now owns 5,184,766 shares of the transportation company’s stock worth $394,561,000 after purchasing an additional 68,050 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 8,008.8% during the second quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock worth $289,039,000 after purchasing an additional 4,156,590 shares during the period. 89.17% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for C.H. Robinson Worldwide (NASDAQ:CHRW)

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