Barclays Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $85.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by investment analysts at Barclays from $75.00 to $85.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price points to a potential downside of 18.54% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Benchmark upped their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 target price on the stock. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price target for the company from $76.00 to $99.00 in a report on Monday, July 22nd. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $103.24.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $5.29 during midday trading on Thursday, reaching $104.35. 1,835,442 shares of the company traded hands, compared to its average volume of 1,531,802. The business has a 50 day moving average of $105.68 and a two-hundred day moving average of $92.84. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.18% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of large investors have recently made changes to their positions in the business. Swedbank AB purchased a new position in C.H. Robinson Worldwide in the first quarter worth about $1,051,000. Norden Group LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after buying an additional 26,156 shares during the period. abrdn plc lifted its position in C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after buying an additional 12,992 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in C.H. Robinson Worldwide during the first quarter worth $6,665,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.