C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $76.56.

Several analysts recently issued reports on CHRW shares. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price target for the stock from $70.00 to $86.00 in a report on Tuesday, October 10th. Credit Suisse Group reissued a “sell” rating and issued a $68.00 price target (up previously from $63.00) on shares of C.H. Robinson Worldwide in a report on Thursday, October 12th. They noted that the move was a valuation call. Stephens raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $73.00 to $90.00 in a research note on Wednesday, August 30th. Cowen raised C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $87.00 in a research note on Monday, October 16th. Finally, UBS raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and lifted their target price for the company from $65.00 to $75.00 in a research note on Tuesday, September 5th.

Shares of C.H. Robinson Worldwide (NASDAQ CHRW) opened at $87.15 on Thursday. The stock has a market capitalization of $12,094.80, a P/E ratio of 25.90, a P/E/G ratio of 2.98 and a beta of 0.48. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $89.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. analysts forecast that C.H. Robinson Worldwide will post 3.33 earnings per share for the current year.

In other news, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 6th. The shares were sold at an average price of $78.75, for a total value of $136,867.50. Following the transaction, the insider now owns 24,348 shares in the company, valued at $1,917,405. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,903 shares of company stock worth $1,854,925. 0.85% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of CHRW. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 8,008.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock worth $289,039,000 after acquiring an additional 4,156,590 shares during the last quarter. Harris Associates L P grew its holdings in shares of C.H. Robinson Worldwide by 273.2% in the 2nd quarter. Harris Associates L P now owns 1,027,045 shares of the transportation company’s stock worth $70,537,000 after acquiring an additional 751,820 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of C.H. Robinson Worldwide by 3,618.9% in the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock worth $38,887,000 after acquiring an additional 550,980 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of C.H. Robinson Worldwide by 168.7% in the 2nd quarter. Alliancebernstein L.P. now owns 793,718 shares of the transportation company’s stock worth $54,513,000 after acquiring an additional 498,362 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock worth $697,596,000 after acquiring an additional 488,372 shares during the last quarter. Institutional investors own 94.68% of the company’s stock.

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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.

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

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