Susquehanna Issues Pessimistic Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

Key Points

• Susquehanna lowered its price target for C.H. Robinson Worldwide from $180 to $166 while maintaining a positive rating, implying 33.22% upside from the prior close.
• Analyst sentiment remains generally favorable, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $180.52, despite recent downgrades from Deutsche Bank and TD Cowen.
• C.H. Robinson exceeded quarterly expectations, reporting $1.80 in earnings per share versus $1.75 expected and $5.36 billion in revenue, up 29.5% year over year.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective decreased by Susquehanna from $180.00 to $166.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "positive" rating on the transportation company's stock. Susquehanna's target price points to a potential upside of 33.22% from the company's previous close.

CHRW has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price target for the company. in a research note on Monday, October 12th. TD Cowen dropped their price objective on C.H. Robinson Worldwide from $152.00 to $145.00 and set a "hold" rating on the stock in a research note on Wednesday. Bank of America restated a "buy" rating on shares of C.H. Robinson Worldwide in a report on Thursday. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. One 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $180.52.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $124.61 on Monday. The company's 50-day moving average price is $145.28 and its 200-day moving average price is $169.57. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market cap of $14.56 billion, a PE ratio of 22.37, a PEG ratio of 1.02 and a beta of 0.95. C.H. Robinson Worldwide has a 12 month low of $122.21 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.75 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm's revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 EPS. Equities research analysts forecast that C.H. Robinson Worldwide will post 6.34 earnings per share for the current year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Burkett Financial Services LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $25,000. Millstone Evans Group LLC raised its holdings 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 worth $27,000 after buying an additional 71 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $29,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $30,000. 93.15% of the stock is 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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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