C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $198.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered C.H. Robinson’s price target to $198 from $225 while maintaining an “overweight” rating, implying approximately 46% upside from the reported $135.64 share price.
• Shares fell 14% to $135.64, near the lower end of their 52-week range, despite the company reporting quarterly EPS of $1.61 versus the $1.53 consensus estimate and 19.3% year-over-year revenue growth.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $196.64; however, the company’s planned $5.8 billion acquisition of RXO could bring greater scale alongside dilution, leverage and integration risks.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $225.00 to $198.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 45.98% from the company's current price.

CHRW has been the topic of several other research reports. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Truist Financial upped their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, July 15th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reissued 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. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $196.64.

C.H. Robinson Worldwide Stock Down 14.0%

Shares of NASDAQ CHRW traded down $22.08 during midday trading on Monday, reaching $135.64. The company's stock had a trading volume of 4,303,378 shares, compared to its average volume of 1,940,023. The stock has a 50 day simple moving average of $150.57 and a 200-day simple moving average of $169.92. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.32 and a beta of 0.94. C.H. Robinson Worldwide has a fifty-two week low of $123.64 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. Equities research analysts predict that C.H. Robinson Worldwide will post 6.19 earnings per share for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in CHRW. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $25,000. Millstone Evans Group LLC grew its stake in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide during the second quarter worth about $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter worth about $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide News Summary

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: The acquisition would strengthen CHRW’s position in North American truck brokerage and create a logistics company with an enterprise value exceeding $25 billion. The transaction also gives CHRW greater scale as the third-party logistics industry undergoes consolidation. CH Robinson to buy RXO for $5.8 billion in trucking brokerage expansion
• Positive Sentiment: Management is pursuing the deal as a strategic expansion of its transportation network, potentially improving competitive positioning and creating opportunities for operating efficiencies once the businesses are combined. C.H. Robinson to Buy RXO for About $5 Billion
• Neutral Sentiment: The transaction is structured with both stock and cash, and is subject to customary closing conditions. Its ultimate effect on CHRW will depend on approval, financing, integration execution and the ability to realize expected strategic benefits. CH Robinson Announces Merger Agreement to Acquire RXO
• Negative Sentiment: CHRW shares decreased as investors focused on the immediate financial costs of the acquisition, including potential shareholder dilution and higher leverage. The market’s reaction indicates skepticism that the long-term benefits will quickly offset the transaction’s near-term risks. RXO Stock Soars as CH Robinson Acquires Truck Broker

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.

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