C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded C.H. Robinson Worldwide to “buy” from “hold.” Overall analyst sentiment is “Moderate Buy,” with a consensus price target of $196.56.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• The stock opened at $152.78, near the lower end of its 52-week range, while institutional investors and hedge funds held 93.15% of outstanding shares.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Citizens Jmp assumed 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 objective for the company. Sanford C. Bernstein lowered their target price on C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating for the company in a report on Tuesday, August 11th. Susquehanna increased their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Finally, Evercore reiterated an "outperform" rating and issued a $237.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $196.56.

C.H. Robinson Worldwide Stock Up 0.2%

NASDAQ:CHRW opened at $152.78 on Friday. C.H. Robinson Worldwide has a 1-year low of $123.64 and a 1-year high of $210.33. The company has a 50-day moving average of $164.59 and a 200 day moving average of $172.94. The firm has a market cap of $17.85 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the business earned $1.29 EPS. The firm's quarterly revenue was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the company. Smith Chas P & Associates PA Cpas purchased a new position in C.H. Robinson Worldwide in the second quarter worth $506,000. Miramontes Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $232,000. Sequoia Financial Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 111.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 45,424 shares of the transportation company's stock worth $8,555,000 after purchasing an additional 23,990 shares in the last quarter. Tidal Investments LLC boosted its position in shares of C.H. Robinson Worldwide by 13.3% in the 2nd quarter. Tidal Investments LLC now owns 38,614 shares of the transportation company's stock worth $7,273,000 after purchasing an additional 4,521 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in C.H. Robinson Worldwide by 18.8% during the 2nd quarter. WINTON GROUP Ltd now owns 4,150 shares of the transportation company's stock worth $782,000 after buying an additional 657 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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