C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $70.00 Price Target at JPMorgan Chase & Co.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price target lowered by research analysts at JPMorgan Chase & Co. from $75.00 to $70.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an "underweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 4.02% from the stock's current price.

Several other brokerages also recently issued reports on CHRW. Barclays reissued an "underweight" rating and set a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Wells Fargo & Company lowered their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating for the company in a research report on Thursday, February 1st. BMO Capital Markets lowered their price objective on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a "market perform" rating for the company in a research report on Thursday, February 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $82.57.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.87 during mid-day trading on Tuesday, reaching $72.93. The company had a trading volume of 1,049,616 shares, compared to its average volume of 1,621,105. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide has a 52 week low of $69.11 and a 52 week high of $106.14. The company has a 50 day moving average of $73.76 and a 200-day moving average of $80.82. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 3.53 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 3.36 EPS for the current fiscal year.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in the business. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $30,000. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at about $30,000. Quarry LP acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $31,000. Finally, Pacific Center for Financial Services acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $34,000. Institutional investors 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.