C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Buy at Wall Street Zen

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday, Wall Street Zen reports.

CHRW has been the topic of several other reports. Robert W. Baird reduced their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. UBS Group raised their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Finally, TD Cowen lowered their target price on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating for the company in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.56.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of C.H. Robinson Worldwide stock opened at $149.71 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $17.49 billion, a P/E ratio of 28.57, a PEG ratio of 1.25 and a beta of 0.94. The firm’s 50 day moving average price is $153.38 and its 200-day moving average price is $170.29. C.H. Robinson Worldwide has a 52-week low of $123.64 and a 52-week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. On average, sell-side analysts predict that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. boosted its position in C.H. Robinson Worldwide by 9,753.7% in the second quarter. QRG Capital Management Inc. now owns 248,807 shares of the transportation company’s stock valued at $45,031,000 after buying an additional 246,282 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in C.H. Robinson Worldwide by 543.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 94,268 shares of the transportation company’s stock worth $17,177,000 after buying an additional 79,608 shares during the last quarter. Andra AP fonden raised its position in C.H. Robinson Worldwide by 48.8% during the 2nd quarter. Andra AP fonden now owns 67,102 shares of the transportation company’s stock worth $12,638,000 after buying an additional 22,020 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $7,762,000. Finally, Smith Chas P & Associates PA Cpas acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $506,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.