C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $120.00 Price Target at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) had its price objective raised by analysts at Susquehanna from $95.00 to $120.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 11.59% from the company's previous close.

A number of other equities research analysts also recently weighed in on CHRW. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Evercore ISI raised shares of C.H. Robinson Worldwide from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. UBS Group boosted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Finally, Robert W. Baird boosted their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $95.33.

C.H. Robinson Worldwide Stock Down 0.4 %

Shares of CHRW traded down $0.48 during midday trading on Thursday, hitting $107.54. 1,104,536 shares of the company's stock traded hands, compared to its average volume of 1,591,111. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $109.33. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The firm's fifty day moving average is $98.99 and its 200-day moving average is $86.72.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at $6,979,372.34. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC boosted its stake in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company's stock valued at $38,000 after purchasing an additional 294 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $49,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $62,000. 93.15% of the stock is owned by institutional investors.

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.