C.H. Robinson Worldwide (NASDAQ:CHRW) declared a quarterly dividend on Thursday, December 5th, AnalystRatingsNetwork reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.35 per share on Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 2.40%.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, November 20th. They now have a $57.00 price target on the stock, down previously from $60.00. On the ratings front, analysts at Deutsche Bank downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 20th. They now have a $60.00 price target on the stock, down previously from $65.00. Finally, analysts at Sanford C. Bernstein cut their price target on shares of C.H. Robinson Worldwide from $72.00 to $68.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.00.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.03% on Thursday, hitting $58.27. The stock had a trading volume of 1,264,425 shares. C.H. Robinson Worldwide has a 52-week low of $53.74 and a 52-week high of $67.93. The stock has a 50-day moving average of $59.63 and a 200-day moving average of $58.53. The company has a market cap of $8.836 billion and a price-to-earnings ratio of 16.03.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.05. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.71 earnings per share for the current fiscal year.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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