C.H. Robinson Worldwide (CHRW) Rating Reiterated by KeyCorp

C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “overweight” rating reaffirmed by analysts at KeyCorp in a research report issued to clients and investors on Wednesday. KeyCorp also issued estimates for C.H. Robinson Worldwide’s Q1 2018 earnings at $0.95 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.15 EPS and Q4 2018 earnings at $1.12 EPS.

Several other research analysts have also issued reports on CHRW. Credit Suisse Group upgraded C.H. Robinson Worldwide to a “hold” rating and set a $85.00 price target on the stock in a research report on Wednesday, January 17th. Barclays raised their price target on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. BidaskClub lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, BMO Capital Markets lowered C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $72.00 to $77.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $79.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) opened at $96.73 on Wednesday. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $100.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $13,513.66, a price-to-earnings ratio of 28.87, a PEG ratio of 2.72 and a beta of 0.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company earned $0.90 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. research analysts anticipate that C.H. Robinson Worldwide will post 3.32 earnings per share for the current fiscal year.

In other news, VP Ben G. Campbell sold 4,865 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $85.00, for a total value of $413,525.00. Following the sale, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jordan T. Kass sold 1,738 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $78.75, for a total value of $136,867.50. Following the completion of the sale, 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. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors have recently modified their holdings of CHRW. Franklin Resources Inc. bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $548,000. Teachers Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 4.6% in the second quarter. Teachers Advisors LLC now owns 175,430 shares of the transportation company’s stock valued at $12,049,000 after purchasing an additional 7,731 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of C.H. Robinson Worldwide by 6.2% in the second quarter. Thrivent Financial For Lutherans now owns 5,746 shares of the transportation company’s stock valued at $395,000 after purchasing an additional 336 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 9.4% in the second quarter. Mutual of America Capital Management LLC now owns 17,341 shares of the transportation company’s stock valued at $1,191,000 after purchasing an additional 1,494 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 497,745 shares of the transportation company’s stock valued at $34,185,000 after purchasing an additional 5,868 shares in the last quarter. Institutional investors own 94.31% of the company’s stock.

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About C.H. Robinson Worldwide

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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