C.H. Robinson Worldwide (NASDAQ:CHRW) Raised to Buy at Citigroup

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Tuesday,Finviz reports. The firm presently has a $127.00 price target on the transportation company’s stock, up from their previous price target of $110.00. Citigroup’s price objective would indicate a potential upside of 16.48% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Susquehanna dropped their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the company from $87.00 to $110.00 in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, TD Cowen lifted their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.00.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $109.03 on Tuesday. The stock’s 50-day moving average price is $106.11 and its two-hundred day moving average price is $95.01. The company has a market cap of $12.89 billion, a PE ratio of 37.73, a PEG ratio of 1.25 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post 4.37 EPS for the current year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares during the last quarter. Quent Capital LLC lifted its stake in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $55,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.