C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded C.H. Robinson Worldwide from “hold” to “buy.” Analysts overall maintain a “Moderate Buy” consensus, with an average price target of $196.56.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding expectations of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• CHRW opened at $147.10, below its 50-day and 200-day moving averages, while institutional investors own a substantial 93.15% of the company’s shares.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price for the company. Robert W. Baird decreased their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, July 13th. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Finally, Citigroup raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lowered their price target for the company from $196.00 to $185.00 in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average target price of $196.56.

C.H. Robinson Worldwide Price Performance

CHRW opened at $147.10 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 52-week low of $123.64 and a 52-week high of $210.33. The stock has a market capitalization of $17.19 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. The stock's 50 day moving average price is $155.73 and its 200-day moving average price is $170.67.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the company posted $1.29 EPS. The company's quarterly revenue was up 19.3% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide will post 6.18 EPS for the current year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. QRG Capital Management Inc. increased its position in C.H. Robinson Worldwide by 9,753.7% during the second quarter. QRG Capital Management Inc. now owns 248,807 shares of the transportation company's stock valued at $45,031,000 after acquiring an additional 246,282 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in C.H. Robinson Worldwide by 543.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 94,268 shares of the transportation company's stock valued at $17,177,000 after purchasing an additional 79,608 shares during the last quarter. Andra AP fonden raised its position in C.H. Robinson Worldwide by 48.8% in the 2nd quarter. Andra AP fonden now owns 67,102 shares of the transportation company's stock worth $12,638,000 after purchasing an additional 22,020 shares during the period. Anchor Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $7,762,000. Finally, Smith Chas P & Associates PA Cpas bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $506,000. 93.15% of the stock is owned by institutional investors.

About C.H. Robinson Worldwide

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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