C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Lowered to "Hold" at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank downgraded C.H. Robinson Worldwide to “Hold” from “Buy”, maintaining a $153 price target—about 7.5% above the stock’s $142.31 opening price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $192.08, despite several target-price adjustments.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in earnings per share versus $1.53 expected and $4.93 billion in revenue, up 19.3% year over year.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $153.00 price objective on the transportation company's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 7.51% from the company's current price.

Several other analysts also recently weighed in on CHRW. Citigroup reaffirmed a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Robert W. Baird decreased their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, Raymond James Financial set a $192.00 target price on C.H. Robinson Worldwide in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $192.08.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $142.31 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide has a one year low of $123.64 and a one year high of $210.33. The company's 50-day simple moving average is $148.22 and its 200-day simple moving average is $168.80. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide will post 6.25 earnings per share for the current fiscal year.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Dogwood Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 37.8% in the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after buying an additional 65 shares during the period. Cornerstone Planning Group LLC grew its position in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after buying an additional 67 shares in the last quarter. Millstone Evans Group LLC increased its stake in C.H. Robinson Worldwide by 79.8% during 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 during the period. Root Financial Partners LLC increased its stake in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after acquiring an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC raised its holdings in C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock valued at $139,000 after acquiring an additional 82 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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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