Barclays Reaffirms "Underweight" Rating for C.H. Robinson Worldwide (NASDAQ:CHRW)

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report)'s stock had its "underweight" rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $65.00 target price on the transportation company's stock, down from their prior target price of $80.00. Barclays's target price would suggest a potential downside of 11.37% from the company's current price.

Several other equities analysts have also recently weighed in on the stock. 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 on the stock in a research report on Thursday, February 1st. Susquehanna lifted their price objective 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. JPMorgan Chase & Co. lowered their price target on shares of C.H. Robinson Worldwide from $78.00 to $75.00 and set an "underweight" rating on the stock in a report on Thursday, February 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a report on Wednesday, February 28th. Finally, BNP Paribas restated a "neutral" rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $82.93.

C.H. Robinson Worldwide Trading Down 3.7 %

NASDAQ CHRW traded down $2.80 on Monday, hitting $73.34. 1,324,676 shares of the stock were exchanged, compared to its average volume of 1,681,404. C.H. Robinson Worldwide has a 52-week low of $69.11 and a 52-week high of $106.14. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.77 and a beta of 0.72. The company's 50-day moving average price is $75.50 and its two-hundred day moving average price is $81.49.

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the business. First Republic Investment Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 0.8% in the 1st quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company's stock valued at $1,666,000 after purchasing an additional 116 shares during the last quarter. Vision Capital Management Inc. lifted its position in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company's stock worth $1,435,000 after acquiring an additional 129 shares during the last quarter. Captrust Financial Advisors lifted its position in C.H. Robinson Worldwide by 0.6% during the 2nd quarter. Captrust Financial Advisors now owns 22,095 shares of the transportation company's stock worth $2,085,000 after acquiring an additional 141 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company's stock worth $1,177,000 after acquiring an additional 145 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in C.H. Robinson Worldwide by 3.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company's stock worth $393,000 after acquiring an additional 149 shares during 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.