C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $215.00 at Stifel Nicolaus

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by analysts at Stifel Nicolaus from $207.00 to $215.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential upside of 7.71% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Citigroup assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday. They issued a “market outperform” rating on the stock. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.83.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $199.61 on Wednesday. The business has a 50 day moving average of $181.71 and a 200-day moving average of $178.63. The company has a market capitalization of $23.53 billion, a P/E ratio of 40.41, a P/E/G ratio of 1.69 and a beta of 0.91. C.H. Robinson Worldwide has a 1 year low of $96.27 and a 1 year high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $1.17 EPS. The firm’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide will post 6.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Goldman Sachs Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $259,000. Empowered Funds LLC increased its position in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after buying an additional 350 shares in the last quarter. Woodline Partners LP increased its position in C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after buying an additional 359 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.