C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $75.00 price objective on the stock, up from their previous price objective of $73.00. Stifel Nicolaus’ price objective suggests a potential upside of 1.19% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other analysts also recently issued reports about the stock. Vetr downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 target price for the company. in a research report on Monday, October 10th. Buckingham Research reissued a “buy” rating and issued a $87.00 target price (up from $79.00) on shares of C.H. Robinson Worldwide in a research report on Sunday, October 9th. Barclays PLC decreased their target price on shares of C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. Finally, Deutsche Bank AG began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 2nd. They issued a “hold” rating and a $71.00 target price for the company. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.78.

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

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 74.12 on Tuesday. The company has a market cap of $10.50 billion, a P/E ratio of 20.53 and a beta of 0.33. C.H. Robinson Worldwide has a 52-week low of $59.71 and a 52-week high of $76.10. The stock has a 50 day moving average of $70.61 and a 200 day moving average of $71.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.06. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 42.48%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide will post $3.59 earnings per share for the current fiscal year.

In related news, insider Robert C. Biesterfeld, Jr. sold 600 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $71.30, for a total transaction of $42,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of C.H. Robinson Worldwide by 10.7% in the second quarter. CWM LLC now owns 266,086 shares of the company’s stock worth $19,757,000 after buying an additional 25,729 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at about $3,056,000. Saratoga Research & Investment Management raised its stake in shares of C.H. Robinson Worldwide by 2.2% in the second quarter. Saratoga Research & Investment Management now owns 675,335 shares of the company’s stock valued at $50,144,000 after buying an additional 14,407 shares in the last quarter. BB&T Corp acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at about $14,673,000. Finally, Confluence Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 1.4% in the second quarter. Confluence Investment Management LLC now owns 658,552 shares of the company’s stock valued at $48,897,000 after buying an additional 9,172 shares in the last quarter. 80.87% of the stock is owned by hedge funds and other institutional investors.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

5 Day Chart for NASDAQ:CHRW

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