Investment Analysts’ Recent Ratings Changes for C.H. Robinson Worldwide (CHRW)

Several brokerages have updated their recommendations and price targets on shares of C.H. Robinson Worldwide (NASDAQ: CHRW) in the last few weeks:

  • 2/10/2018 – C.H. Robinson Worldwide was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 2/6/2018 – C.H. Robinson Worldwide was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $103.00 price target on the stock. According to Zacks, “Shares of C.H. Robinson have outperformed its industry in the last six months. The company reported better-than-expected results in the fourth quarter of 2017. Both earnings and revenues also increased year over year. Notably, increased pricing and volume growth across most transportation sectors drove the top line. The company's efforts to expand globally through mergers are impressive. The acquisition of Milgram & Company, completed in August 2017, is likely to boost the company's global presence and will be accretive this year. Its initiatives to reward shareholders through dividends and share buy backs are also encouraging. In December 2017, the company hiked its quarterly dividend by 2.2%. However, the company is struggling with high costs. Declining intermodal revenues in the fourth quarter also raise concerns.”
  • 2/2/2018 – C.H. Robinson Worldwide had its price target raised by analysts at Morgan Stanley from $57.00 to $70.00. They now have an “underweight” rating on the stock.
  • 2/1/2018 – C.H. Robinson Worldwide had its price target raised by analysts at BMO Capital Markets from $87.00 to $96.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/1/2018 – C.H. Robinson Worldwide had its price target raised by analysts at Cowen Inc from $88.00 to $103.00. They now have an “outperform” rating on the stock.
  • 1/31/2018 – C.H. Robinson Worldwide had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $95.00 price target on the stock.
  • 1/31/2018 – C.H. Robinson Worldwide had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $103.00 price target on the stock, up previously from $88.00.
  • 1/26/2018 – C.H. Robinson Worldwide was upgraded by analysts at Cleveland Research from a “neutral” rating to a “buy” rating.
  • 1/24/2018 – C.H. Robinson Worldwide had its “overweight” rating reaffirmed by analysts at KeyCorp.
  • 1/18/2018 – C.H. Robinson Worldwide was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/17/2018 – C.H. Robinson Worldwide was upgraded by analysts at Credit Suisse Group AG to a “hold” rating. They now have a $85.00 price target on the stock.
  • 1/9/2018 – C.H. Robinson Worldwide had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $90.00 price target on the stock.
  • 1/8/2018 – C.H. Robinson Worldwide was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of C.H. Robinson have outperformed its industry in the last six months. The company's efforts to expand globally through mergers are impressive. The acquisition of Milgram & Company, completed in August 2017, is likely to boost the company's global presence and will be accretive this year. The company's efforts to reward shareholders through dividends and share buy backs are also encouraging. In December 2017, the company hiked its quarterly dividend by 2.2% to 46 cents per share (or $1.84 annually). However, the company is struggling with high costs. High costs are expected to hurt the company's bottom line in the fourth-quarter as was the case in the third quarter of 2017.  The company's high debt levels further adds to its woes.”
  • 1/4/2018 – C.H. Robinson Worldwide was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating.
  • 12/26/2017 – C.H. Robinson Worldwide was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Shares of C.H. Robinson have outperformed its industry in the last six months. The company's efforts to expand globally through mergers are impressive. The acquisition of Milgram & Company, completed in August, is likely to 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. The company's efforts to reward shareholders through dividends and share buy backs are also encouraging. Recently, the company hiked its quarterly dividend by 2.2% to 46 cents per share (or $1.84 annually). However, the company is struggling with high costs. High costs continue to limit bottom-line growth. “

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) opened at $89.35 on Monday. C.H. Robinson Worldwide Inc has a 52 week low of $63.41 and a 52 week high of $100.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.26. The firm has a market capitalization of $12,484.46, a P/E ratio of 25.03, a P/E/G ratio of 2.31 and a beta of 0.46.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.54%.

In other news, VP Angela K. Freeman sold 1,300 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total value of $104,832.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ben G. Campbell sold 4,865 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the sale, the vice president now directly owns 29,837 shares of the company’s stock, valued at $2,536,145. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate 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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