C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to Neutral by UBS Group

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) was upgraded by investment analysts at UBS Group from a "sell" rating to a "neutral" rating in a research report issued on Thursday, MarketBeat.com reports. The firm presently has a $90.00 price target on the transportation company's stock, up from their previous price target of $71.00. UBS Group's target price suggests a potential upside of 2.47% from the stock's current price.

Several other analysts have also recently commented on the company. Raymond James began coverage on C.H. Robinson Worldwide in a report on Wednesday, May 15th. They set a "market perform" rating on the stock. Wolfe Research upgraded C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a report on Thursday, April 11th. Barclays increased their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an "underweight" rating in a report on Thursday, May 2nd. BNP Paribas reiterated a "neutral" rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, StockNews.com cut C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Hold" and an average price target of $83.06.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.19 during trading hours on Thursday, reaching $87.83. 1,023,922 shares of the company were exchanged, compared to its average volume of 1,687,341. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 2.55 and a beta of 0.81. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $77.87 and a 200 day moving average of $79.47. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating 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 firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business's revenue was down 4.3% compared to the same quarter last year. As a group, research analysts anticipate that C.H. Robinson Worldwide will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Cetera Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $6,665,000. 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. Swedbank AB acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $1,051,000. Wahed Invest LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $172,000. Finally, Plato Investment Management Ltd raised its position in C.H. Robinson Worldwide by 63,850.0% in the 1st quarter. Plato Investment Management Ltd now owns 24,301 shares of the transportation company's stock valued at $1,850,000 after buying an additional 24,263 shares during the last quarter. Institutional investors and hedge funds 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.