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,” while analysts overall maintain a “Moderate Buy” consensus with an average price target of $192.08.
• CHRW shares opened at $137.97, down 1.3%, and remain below their 50-day and 200-day moving averages; the stock has traded between $123.64 and $210.33 over the past year.
• The company’s latest quarterly results exceeded expectations, with EPS of $1.61 versus $1.53 expected and revenue of $4.93 billion, up 19.3% year over year. Institutional investors and hedge funds own approximately 93.15% of the stock.

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 Wednesday, Wall Street Zen reports.

A number of other analysts also recently commented on the stock. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price objective on the stock. in a research note on Monday. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $192.08.

C.H. Robinson Worldwide Trading Down 1.3%

Shares of CHRW stock opened at $137.97 on Wednesday. C.H. Robinson Worldwide has a 1 year low of $123.64 and a 1 year high of $210.33. The firm has a market capitalization of $16.12 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock has a fifty day moving average of $147.74 and a two-hundred day moving average of $168.37. 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 (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, beating analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, research analysts expect that C.H. Robinson Worldwide will post 6.25 EPS for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the business. Foster Group Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $1,604,000. B. Riley Wealth Advisors Inc. lifted its stake in C.H. Robinson Worldwide by 744.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,561 shares of the transportation company's stock valued at $1,711,000 after purchasing an additional 10,192 shares during the last quarter. Krilogy Financial LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $5,691,000. Walker Asset Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $1,112,000. Finally, Affinity Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $273,000. Institutional investors and hedge funds own 93.15% of the company's stock.

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 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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