C.H. Robinson Worldwide (CHRW) Earns Buy Rating from Analysts at Loop Capital

Equities researchers at Loop Capital assumed coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $107.00 price target on the transportation company’s stock. Loop Capital’s price target suggests a potential upside of 14.63% from the stock’s current price.

CHRW has been the topic of several other reports. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Monday, September 3rd. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Stifel Nicolaus initiated coverage on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 19th. They issued a “buy” rating and a $101.00 price target on the stock. KeyCorp raised their price target on shares of C.H. Robinson Worldwide from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Finally, Credit Suisse Group raised their price target on shares of C.H. Robinson Worldwide from $82.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $94.69.

CHRW opened at $93.34 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 2.43 and a beta of 0.40. C.H. Robinson Worldwide has a 52-week low of $76.75 and a 52-week high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, July 31st. The transportation company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.18 billion. C.H. Robinson Worldwide had a net margin of 3.59% and a return on equity of 38.81%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide will post 4.48 earnings per share for the current fiscal year.

In other C.H. Robinson Worldwide news, insider Michael W. Neill sold 452 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total transaction of $43,437.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,758 shares of company stock worth $4,526,546. Insiders own 0.97% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in C.H. Robinson Worldwide by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 588,691 shares of the transportation company’s stock worth $49,250,000 after purchasing an additional 36,807 shares during the period. Archford Capital Strategies LLC purchased a new position in C.H. Robinson Worldwide during the second quarter worth about $367,000. Bank of America Corp DE raised its stake in C.H. Robinson Worldwide by 10.8% during the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock worth $523,154,000 after purchasing an additional 607,678 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in C.H. Robinson Worldwide by 19.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,160 shares of the transportation company’s stock worth $7,543,000 after purchasing an additional 14,529 shares during the period. Finally, Schroder Investment Management Group purchased a new position in C.H. Robinson Worldwide during the second quarter worth about $547,000. 86.02% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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