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C.H. Robinson Worldwide (NASDAQ:CHRW) Earns Buy Rating from UBS Group

C.H. Robinson Worldwide logo with Transportation background

Key Points

  • UBS Group has reiterated its "buy" rating on C.H. Robinson Worldwide (CHRW) and increased the price target to $133.00, suggesting a potential upside of 17.63% from the current price.
  • C.H. Robinson Worldwide's stock received several upgrades from different analysts, with Robert W. Baird raising its rating from "neutral" to "outperform" and setting a new price target of $135.00.
  • The company reported $1.29 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.17, although revenue fell 7.7% year-over-year to $4.14 billion.
  • Five stocks we like better than C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report)'s stock had its "buy" rating reiterated by analysts at UBS Group in a report issued on Thursday, MarketBeat.com reports. They currently have a $133.00 target price on the transportation company's stock, up from their previous target price of $129.00. UBS Group's price target would indicate a potential upside of 16.81% from the company's previous close.

Other analysts have also issued research reports about the company. Barclays cut their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday. Citigroup lifted their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

Check Out Our Latest Report on CHRW

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $1.46 during trading on Thursday, hitting $113.86. The company had a trading volume of 2,339,374 shares, compared to its average volume of 1,362,338. The stock's 50-day moving average is $97.53 and its two-hundred day moving average is $97.35. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $116.16.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares of the company's stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake in C.H. Robinson Worldwide by 5.8% during the 4th quarter. LPL Financial LLC now owns 55,648 shares of the transportation company's stock valued at $5,750,000 after purchasing an additional 3,047 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $86,000. Pictet Asset Management Holding SA lifted its position in C.H. Robinson Worldwide by 22.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 88,998 shares of the transportation company's stock valued at $9,195,000 after acquiring an additional 16,066 shares in the last quarter. Allstate Corp purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $354,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $377,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

(Get Free Report)

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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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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