BMO Capital Markets Issues Positive Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price target boosted by research analysts at BMO Capital Markets from $115.00 to $118.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the transportation company's stock. BMO Capital Markets' target price would suggest a potential upside of 5.94% from the company's current price.

Several other analysts have also recently commented on CHRW. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Barclays increased their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $118.00 to $130.00 in a research note on Monday. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, TD Cowen boosted their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Hold" and a consensus price target of $111.19.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $2.68 on Friday, reaching $111.38. 1,632,117 shares of the company were exchanged, compared to its average volume of 1,505,879. The company has a 50-day moving average of $108.00 and a 200-day moving average of $99.24. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.47% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after buying an additional 111 shares during the period. Quarry LP lifted its holdings in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after acquiring an additional 171 shares during the last quarter. Eastern Bank acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $55,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $62,000. Institutional investors own 93.15% of the company's stock.

About C.H. Robinson Worldwide

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.