Robert W. Baird Increases C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $88.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by investment analysts at Robert W. Baird from $80.00 to $88.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price objective indicates a potential upside of 2.15% from the company’s previous close.

A number of other equities analysts have also recently issued reports on CHRW. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Wells Fargo & Company assumed coverage on C.H. Robinson Worldwide in a report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 target price for the company. BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. BNP Paribas reiterated a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Finally, TD Cowen upped their price target on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.53.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $86.15 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $100.88. The stock has a market capitalization of $10.09 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. The stock has a fifty day moving average of $83.35 and a 200-day moving average of $79.78.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its stake in 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 buying an additional 185 shares during the period. GAMMA Investing LLC raised its stake in shares of C.H. Robinson Worldwide by 96.5% in the second quarter. GAMMA Investing LLC now owns 3,722 shares of the transportation company’s stock worth $328,000 after purchasing an additional 1,828 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 3,672.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,641 shares of the transportation company’s stock valued at $188,000 after buying an additional 2,571 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $6,665,000. Finally, Cetera Investment Advisers raised its position in C.H. Robinson Worldwide by 9.6% in the 1st quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company’s stock valued at $7,553,000 after buying an additional 8,656 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.