C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has increased its price target for C.H. Robinson Worldwide from $133.00 to $166.00, indicating a potential upside of 22.45% from the current stock price.
• The company reported earnings of $1.29 per share, surpassing estimates, although revenues fell 7.7% year-over-year to $4.14 billion.
• Recent analyst ratings show that one analyst has a Strong Buy rating, fourteen have a Buy rating, and seven have rated the stock as Hold.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective upped by investment analysts at UBS Group from $133.00 to $166.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's target price suggests a potential upside of 22.45% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Evercore ISI increased their price target on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. 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. Finally, Wells Fargo & Company lifted their price objective on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.19.

C.H. Robinson Worldwide Stock Up 2.2%

CHRW stock opened at $135.57 on Friday. The firm has a market cap of $16.01 billion, a PE ratio of 30.72, a P/E/G ratio of 2.08 and a beta of 0.90. C.H. Robinson Worldwide has a 12 month low of $84.68 and a 12 month high of $138.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $124.52 and a 200 day simple moving average of $105.36.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of the business. North Capital Inc. bought a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. NBC Securities Inc. bought a new position in C.H. Robinson Worldwide during the first quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $30,000. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 93.15% of the company's stock.

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.

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