C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They currently have a $77.00 target price on the transportation company’s stock, up from their prior target price of $72.00. BMO Capital Markets’ price target points to a potential upside of 2.64% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other equities analysts have also commented on the company. Stephens upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $73.00 to $90.00 in a research note on Wednesday, August 30th. UBS AG raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, September 5th. Deutsche Bank AG decreased their target price on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, July 21st. Bank of America Corporation decreased their target price on C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, July 20th. Finally, BidaskClub downgraded C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $72.83.

Shares of C.H. Robinson Worldwide (CHRW) traded up 0.07% on Tuesday, reaching $75.07. The company had a trading volume of 82,309 shares. The firm has a market capitalization of $10.54 billion, a PE ratio of 22.01 and a beta of 0.42. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $81.16. The company has a 50-day moving average price of $71.86 and a 200-day moving average price of $70.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide will post $3.28 EPS for the current fiscal year.

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In other news, VP Angela K. Freeman sold 1,200 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Sentry Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.6% in the second quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 39 shares during the last quarter. Toronto Dominion Bank raised its position in C.H. Robinson Worldwide by 25.1% in the 2nd quarter. Toronto Dominion Bank now owns 47,734 shares of the transportation company’s stock worth $3,277,000 after purchasing an additional 9,587 shares during the last quarter. Cetera Investment Advisers bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $428,000. Advisory Services Network LLC raised its position in C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 3,484 shares of the transportation company’s stock worth $239,000 after purchasing an additional 60 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in C.H. Robinson Worldwide by 1,552.5% in the 2nd quarter. Nomura Holdings Inc. now owns 79,388 shares of the transportation company’s stock worth $5,449,000 after purchasing an additional 74,584 shares during the last quarter. Institutional investors own 90.10% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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