C.H. Robinson Worldwide Given New $58.00 Price Target at Wunderlich (CHRW)

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C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lowered by Wunderlich from $64.00 to $58.00 in a research note issued to investors on Thursday, AR Network reports. The firm currently has a hold rating on the stock.

“CH Robinson (CHRW) reported disappointing 4Q13 results last night, as EPS of $0.62 fell short of the Street’s $0.68 forecast. The miss came on the back of weaker gross revenue generation and further net revenue margin compression. The ramp in freight activity late in 4Q13 caused PT to spike, and while this has been the case for many other capacity brokers, CHRW did not share peers’ bullishness on overall market trajectory. With domestic operations still under pressure (and facing intense competition), focus has shifted to CHRW’s international efforts. While the integration of Phoenix is progressing well, it does not appear to be a catalyst for earnings growth in FY14. As a result, we continue to believe that CHRW will underperform transportation peers, and reiterate our Hold rating.,” the firm’s analyst commented.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 0.70% during mid-day trading on Thursday, hitting $52.1099. 1,594,898 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a one year low of $52.04 and a one year high of $62.46. The stock has a 50-day moving average of $57.50 and a 200-day moving average of $58.55. The company has a market cap of $7.902 billion and a price-to-earnings ratio of 14.44. C.H. Robinson Worldwide also saw unusually large options trading activity on Tuesday. Stock investors purchased 13,955 call options on the stock. This represents an increase of approximately 403% compared to the typical daily volume of 2,775 call options.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.06. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide will post $2.85 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, January 29th. They now have a $60.00 price target on the stock. Separately, analysts at KeyCorp initiated coverage on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, December 11th. They set a hold rating on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of C.H. Robinson Worldwide from an outperform rating to a market perform rating in a research note to investors on Friday, December 6th. They now have a $63.00 price target on the stock, down previously from $68.00. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of Hold and a consensus price target of $56.69.

C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.

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