Citigroup Forecasts Strong Price Appreciation for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective upped by equities research analysts at Citigroup from $116.00 to $118.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Citigroup's price objective would indicate a potential upside of 18.86% from the company's previous close.

Several other analysts have also issued reports on CHRW. Raymond James Financial reduced their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Bank of America increased their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. TD Securities increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective for the company. Finally, Wolfe Research raised shares of 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $1.57 during trading hours on Wednesday, hitting $99.27. The company had a trading volume of 216,738 shares, compared to its average volume of 1,292,876. The firm has a market cap of $11.79 billion, a PE ratio of 23.75, a PEG ratio of 1.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. C.H. Robinson Worldwide has a one year low of $84.68 and a one year high of $114.82. The firm has a 50-day moving average of $95.43 and a 200 day moving average of $97.61.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its 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. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business's revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of large investors have recently bought and sold shares of the stock. Amalgamated Bank grew its holdings in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after buying an additional 432 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after buying an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $206,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock valued at $2,573,000 after buying an additional 589 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company's stock valued at $4,858,000 after buying an additional 1,457 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.