C.H. Robinson Worldwide (NASDAQ:CHRW) Given a $111.00 Price Target by Raymond James Financial Analysts

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) has been assigned a $111.00 price target by investment analysts at Raymond James Financial in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has an "outperform" rating on the transportation company's stock. Raymond James Financial's price objective would suggest a potential upside of 12.10% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the company. Barclays cut their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group lowered their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Tuesday, July 1st. Finally, TD Securities upped their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $114.29.

C.H. Robinson Worldwide Trading Up 1.1%

CHRW stock traded up $1.08 during trading on Tuesday, hitting $99.02. The company had a trading volume of 379,221 shares, compared to its average volume of 1,282,800. The business has a 50-day moving average of $96.15 and a 200-day moving average of $97.45. C.H. Robinson Worldwide has a one year low of $84.68 and a one year high of $114.82. The stock has a market cap of $11.76 billion, a PE ratio of 23.65, a PEG ratio of 1.59 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Research analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. North Capital Inc. purchased a new position in C.H. Robinson Worldwide in the first quarter worth about $25,000. NBC Securities Inc. purchased a new position in C.H. Robinson Worldwide in the first quarter worth about $27,000. First Financial Corp IN bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $31,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $32,000. Finally, Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $33,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.