Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) have received an average recommendation of “Hold” from the twenty research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $91.00.
Several research firms have weighed in on CHRW. BidaskClub downgraded C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 27th. Zacks Investment Research downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Citigroup lowered their target price on C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Stifel Nicolaus set a $95.00 target price on C.H. Robinson Worldwide and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, UBS Group downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lowered their target price for the company from $99.00 to $83.00 in a research report on Wednesday, May 1st.
In related news, CEO Robert C. Biesterfeld, Jr. purchased 1,202 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $83.18 per share, for a total transaction of $99,982.36. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.65% of the company’s stock.
CHRW stock traded down $0.69 during midday trading on Thursday, hitting $82.22. The company’s stock had a trading volume of 801,686 shares, compared to its average volume of 1,792,636. C.H. Robinson Worldwide has a 12 month low of $77.72 and a 12 month high of $101.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.84 and a beta of 0.65.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the company posted $1.01 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.00 annualized dividend and a yield of 2.43%. C.H. Robinson Worldwide’s payout ratio is presently 42.28%.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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