C.H. Robinson Worldwide (NASDAQ: CHRW)‘s stock had its “neutral” rating restated by equities researchers at Macquarie in a report issued on Tuesday. They currently have a $58.00 target price on the stock.
Shares of C.H. Robinson Worldwide traded up 0.53% during mid-day trading on Tuesday, hitting $57.30. C.H. Robinson Worldwide has a one year low of $50.81 and a one year high of $67.93. The stock’s 50-day moving average is currently $60.80. The company has a market cap of $9.228 billion and a P/E ratio of 15.53.
C.H. Robinson Worldwide last released its earnings data on Tuesday, February 5th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter 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.
CHRW has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of C.H. Robinson Worldwide in a research note to investors on Thursday, March 7th. They now have a $63.00 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.
Eight investment analysts have rated the stock with a buy rating, one has issued an overweight rating, twenty have issued a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company. The stock has a consensus rating of “hold” and an average price target of $68.95.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date 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.
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