Barclays Forecasts Strong Price Appreciation for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by research analysts at Barclays from $85.00 to $95.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential downside of 14.12% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Evercore ISI raised their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Finally, Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $1.53 during mid-day trading on Wednesday, reaching $110.62. 306,510 shares of the stock traded hands, compared to its average volume of 1,528,859. The business’s 50-day moving average is $106.22 and its 200-day moving average is $95.29. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $13.08 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84.

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. Swedbank AB bought a new position in C.H. Robinson Worldwide in the 1st quarter valued at $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after purchasing an additional 26,156 shares during the period. abrdn plc grew its holdings in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after purchasing an additional 12,992 shares during the last quarter. Cetera Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth about $6,665,000. Finally, Forsta AP Fonden lifted its holdings in C.H. Robinson Worldwide by 113.2% during the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after buying an additional 43,800 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

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.