Equities research analysts at FBR Capital Markets raised their price objective on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from $48.00 to $52.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “underperform” rating on the stock. FBR Capital Markets’ target price points to a potential downside of 13.48% from the stock’s previous close.
A number of other firms have also recently commented on CHRW. Analysts at Cowen and Company cut their price target on shares of C.H. Robinson Worldwide from $56.00 to $54.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of C.H. Robinson Worldwide from $66.00 to $72.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, October 23rd. They now have a $64.00 price target on the stock. Nine equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $59.07.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 60.10 on Thursday. C.H. Robinson Worldwide has a 52 week low of $53.74 and a 52 week high of $67.93. The stock’s 50-day moving average is $60.08 and its 200-day moving average is $58.4. The company has a market cap of $9.577 billion and a price-to-earnings ratio of 16.43. C.H. Robinson Worldwide also was the target of unusually large options trading activity on Wednesday. Investors purchased 11,689 put options on the stock. This is an increase of approximately 502% compared to the average daily volume of 1,941 put options.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its 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 previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide will post $2.80 EPS for the current fiscal year.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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