C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Cut to $68.00 by Analysts at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its target price reduced by equities researchers at Bank of America from $70.00 to $68.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an "underperform" rating on the transportation company's stock. Bank of America's target price points to a potential downside of 1.46% from the company's current price.

A number of other analysts also recently weighed in on CHRW. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, March 25th. BNP Paribas restated a "neutral" rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Wolfe Research upgraded C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a research note on Thursday. Barclays reaffirmed an "underweight" rating and set a $65.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Finally, StockNews.com downgraded C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $81.21.

C.H. Robinson Worldwide Trading Down 2.1 %

NASDAQ:CHRW traded down $1.47 on Monday, reaching $69.01. The stock had a trading volume of 1,284,688 shares, compared to its average volume of 1,587,018. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 3.55 and a beta of 0.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. C.H. Robinson Worldwide has a 12-month low of $68.47 and a 12-month high of $106.14. The firm's fifty day moving average is $73.42 and its two-hundred day moving average is $80.52.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.35 billion. Equities analysts expect that C.H. Robinson Worldwide will post 3.31 EPS for the current fiscal year.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Vanguard Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company's stock valued at $1,212,750,000 after purchasing an additional 174,041 shares during the period. First Eagle Investment Management LLC increased its stake in C.H. Robinson Worldwide by 0.6% in the 4th quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company's stock valued at $819,227,000 after buying an additional 59,016 shares during the period. State Street Corp lifted its position in C.H. Robinson Worldwide by 4.3% in the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company's stock worth $891,417,000 after buying an additional 365,084 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 2,653,783 shares of the transportation company's stock valued at $263,167,000 after buying an additional 22,957 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 15.0% during the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company's stock valued at $184,985,000 after acquiring an additional 280,177 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

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.