BMO Capital Markets Forecasts Strong Price Appreciation for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by equities researchers at BMO Capital Markets from $92.00 to $115.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 12.94% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Benchmark increased their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays lifted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Citigroup initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.53.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $101.82 on Thursday. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.44 and a beta of 0.82. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $113.10. The company’s fifty day moving average is $105.72 and its 200 day moving average is $93.14. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide will post 4.21 EPS for the current year.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of CHRW. Quent Capital LLC grew its stake in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $49,000. Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $55,000. 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.