C.H. Robinson Worldwide, Inc. (CHRW) Receives Sell Rating from Credit Suisse Group

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)‘s stock had its “sell” rating reiterated by stock analysts at Credit Suisse Group in a report issued on Thursday. They presently have a $68.00 target price on the transportation company’s stock, up from their previous target price of $63.00. Credit Suisse Group’s price target suggests a potential downside of 11.34% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other equities analysts have also commented on the company. Bank of America Corporation upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $86.00 in a research note on Tuesday. Stephens upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $73.00 to $90.00 in a research note on Wednesday, August 30th. Deutsche Bank AG lowered their price objective on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, July 21st. UBS AG upgraded C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $65.00 to $75.00 in a research note on Tuesday, September 5th. Finally, BidaskClub lowered C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $73.88.

Shares of C.H. Robinson Worldwide (CHRW) traded up 0.43% during mid-day trading on Thursday, reaching $77.03. The company had a trading volume of 579,840 shares. The firm’s 50 day moving average is $73.18 and its 200-day moving average is $70.70. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16. The stock has a market capitalization of $10.81 billion, a P/E ratio of 22.59 and a beta of 0.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the business earned $1.00 EPS. C.H. Robinson Worldwide’s revenue was up 12.4% on a year-over-year basis. On average, analysts expect that C.H. Robinson Worldwide will post $3.27 earnings per share for the current fiscal year.

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In related news, VP Angela K. Freeman sold 1,200 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in shares of C.H. Robinson Worldwide by 6.6% during the 1st quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 159 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in shares of C.H. Robinson Worldwide by 7.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 209 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 3.5% during the 1st quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 89 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock valued at $205,000 after acquiring an additional 79 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 73 shares in the last quarter. 90.10% of the stock is currently owned by 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.

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

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