C.H. Robinson Worldwide Rating Increased to Hold at Stifel Nicolaus (CHRW)

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C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities research analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

CHRW has been the subject of a number of other recent research reports. Analysts at Wunderlich cut their price target on shares of C.H. Robinson Worldwide from $64.00 to $58.00 in a research note on Thursday, February 6th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 29th. They now have a $60.00 price target on the stock. Finally, analysts at KeyCorp initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, December 11th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $56.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 1.10% on Friday, hitting $53.51. 883,179 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a 52 week low of $52.01 and a 52 week high of $62.46. The stock has a 50-day moving average of $57.27 and a 200-day moving average of $58.. The company has a market cap of $8.396 billion and a price-to-earnings ratio of 19.97.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, February 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.83 earnings per share for the current fiscal year.

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

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