Robert W. Baird Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $88.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by investment analysts at Robert W. Baird from $80.00 to $88.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price target would suggest a potential upside of 0.56% from the company’s current price.

CHRW has been the topic of several other reports. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $99.00 in a research note on Tuesday, June 25th. BNP Paribas restated a “neutral” rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Wells Fargo & Company initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, June 7th. They set an “equal weight” rating and a $94.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.53.

C.H. Robinson Worldwide Trading Up 1.6 %

CHRW opened at $87.51 on Wednesday. The stock has a market capitalization of $10.25 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.55 and a beta of 0.80. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $100.88. The firm’s fifty day simple moving average is $84.02 and its 200 day simple moving average is $79.89. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after purchasing an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after acquiring an additional 2,003,158 shares during the period. Van ECK Associates Corp lifted its holdings in shares of C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after acquiring an additional 2,643,193 shares during the period. ProShare Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after acquiring an additional 94,616 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after acquiring an additional 68,491 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.