C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Outperform at Evercore ISI

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $99.00 price objective on the transportation company’s stock, up from their prior price objective of $82.00. Evercore ISI’s target price would indicate a potential upside of 10.91% from the company’s previous close.

Several other brokerages also recently commented on CHRW. BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. UBS Group raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and raised their target price for the stock from $71.00 to $90.00 in a research report on Thursday, June 6th. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.38.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $89.26 on Tuesday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.65 and a beta of 0.81. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $100.88. The business has a fifty day simple moving average of $82.01 and a 200 day simple moving average of $79.74.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide will post 3.59 earnings per share for the current fiscal year.

Institutional Trading of C.H. Robinson Worldwide

A number of large investors have recently bought and sold shares of CHRW. EverSource Wealth Advisors LLC boosted its stake in C.H. Robinson Worldwide by 3,672.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,641 shares of the transportation company’s stock worth $188,000 after purchasing an additional 2,571 shares during the period. Cetera Advisors LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $6,665,000. Cetera Investment Advisers grew its position in C.H. Robinson Worldwide by 9.6% in the first quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company’s stock valued at $7,553,000 after purchasing an additional 8,656 shares in the last quarter. Swedbank AB acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $1,051,000. Finally, Wahed Invest LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $172,000. 93.15% of the stock is 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.