C.H. Robinson Worldwide (NASDAQ: CHRW)‘s stock had its “sector perform” rating reaffirmed by RBC Capital in a research note issued on Thursday. They currently have a $63.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Macquarie initiated coverage on shares of C.H. Robinson Worldwide in a research note to investors on Friday, March 1st. They set a “neutral” rating and a $58.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note to investors on Friday, February 22nd. They now have a $60.00 price target on the stock. Finally, analysts at Jefferies Group cut their EPS estimates on shares of C.H. Robinson Worldwide in a research note on Wednesday. They now have a “hold” rating and a $61.00 price target on the stock.
Eight research analysts have rated the stock with a buy rating, one has assigned an overweight rating, twenty have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the stock. C.H. Robinson Worldwide currently has an average rating of “hold” and a consensus target price of $68.95.
C.H. Robinson Worldwide traded down 0.19% on Thursday, hitting $57.12. C.H. Robinson Worldwide has a 52-week low of $50.81 and a 52-week high of $67.93. The stock’s 50-day moving average is currently $61.51. The company has a market cap of $9.189 billion and a price-to-earnings ratio of 15.59.
C.H. Robinson Worldwide last released its earnings data on Tuesday, February 5th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide will post $3.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, February 27th.
C.H. Robinson Worldwide, Inc. (C.H. Robinson) is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
