C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Lowered to “Hold” at Wall Street Zen

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Wall Street Zen reports.

Several other research firms also recently issued reports on CHRW. JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. Finally, Sanford C. Bernstein reduced their price objective on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $195.40.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $135.18 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company’s fifty day moving average price is $148.44 and its two-hundred day moving average price is $169.17. The firm has a market capitalization of $15.80 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, research analysts anticipate that C.H. Robinson Worldwide will post 6.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently added to or reduced their stakes in the business. Burkett Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $25,000. Millstone Evans Group LLC grew its position in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide during the second quarter worth about $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide during the second quarter worth about $29,000. Finally, Cornerstone Planning Group LLC lifted its holdings in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Key Stories Impacting C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: RXO acquisition could strengthen the business: C.H. Robinson agreed to acquire logistics company RXO for approximately $5.8 billion. The transaction is expected to expand CHRW’s logistics network, improve its technology and artificial-intelligence capabilities, and generate roughly $300 million in cost synergies. CH Robinson to Buy Logistics Firm RXO in $5.8 Billion Deal
• Positive Sentiment: Potential earnings beat: Zacks said CHRW has a strong history of exceeding analyst estimates and currently has the key factors that could support another quarterly earnings surprise. A beat could help restore investor confidence following the recent weakness in the shares. Will C.H. Robinson Beat Estimates Again?
• Positive Sentiment: Analyst valuation remains favorable: Brokerages reportedly have a consensus price target of $196.64, substantially above the recent trading level, suggesting analysts see meaningful longer-term upside. C.H. Robinson Consensus Price Target
• Neutral Sentiment: Industry consolidation is accelerating: CEO Dave Bozeman expects additional freight-broker consolidation as higher diesel costs pressure smaller operators. This could create acquisition opportunities for CHRW but also reflects challenging conditions across the transportation market. C.H. Robinson CEO Sees Freight Broker Consolidation
• Negative Sentiment: Investors remain concerned about the RXO transaction: Commentary questioning whether the acquisition is a shortcut to value highlights risks from the $5.8 billion price, execution challenges, financing and the time required to realize synergies. Those concerns have contributed to recent weakness in CHRW shares. C.H. Robinson: RXO Is No Shortcut To Value

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.