C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $85.00 Consensus Price Target from Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received a consensus recommendation of “Reduce” from the eleven brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $84.36.

A number of analysts have recently issued reports on CHRW shares. Wells Fargo & Company lowered their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday. BMO Capital Markets dropped their price target 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. Stifel Nicolaus upped their price objective on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Montag A & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $30,000. Penserra Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $30,000. Quarry LP bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $30,000. West Tower Group LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $31,000. Finally, Larson Financial Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $31,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 2.0 %

Shares of NASDAQ:CHRW opened at $74.32 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day moving average is $76.17 and its 200-day moving average is $81.79. The company has a market cap of $8.69 billion, a P/E ratio of 27.42, a P/E/G ratio of 3.71 and a beta of 0.72. C.H. Robinson Worldwide has a 52-week low of $69.11 and a 52-week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. Equities research analysts predict that C.H. Robinson Worldwide will post 3.36 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be issued a dividend of $0.61 per share. The ex-dividend date is Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.28%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.

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.