C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $81.21 Consensus PT from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given a consensus recommendation of “Reduce” by the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $81.21.

Several analysts have recently commented on CHRW shares. Susquehanna increased their target price on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Bank of America cut their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. BNP Paribas reaffirmed a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Finally, Wells Fargo & Company cut their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $70.35 on Friday. The stock’s fifty day moving average is $72.75 and its 200-day moving average is $79.73. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $8.23 billion, a PE ratio of 25.96, a PEG ratio of 3.66 and a beta of 0.72. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. Equities research analysts expect that C.H. Robinson Worldwide will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is 90.04%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in CHRW. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $30,000. Larson Financial Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $31,000. Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $34,000. Avior Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 71.4% during the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after purchasing an additional 177 shares during the period. Finally, Evermay Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.