Evercore ISI Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $122.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by research analysts at Evercore ISI from $112.00 to $122.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price would suggest a potential upside of 13.63% from the stock’s current price.

A number of other research analysts also recently commented on the company. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Tuesday, July 9th. Susquehanna increased their price target on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. UBS Group increased their price target on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Barclays increased their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Finally, Benchmark increased their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.87.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $1.03 during midday trading on Thursday, reaching $107.37. 79,350 shares of the stock traded hands, compared to its average volume of 1,572,544. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $12.57 billion, a PE ratio of 42.45, a P/E/G ratio of 2.15 and a beta of 0.82. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $110.51. The company’s 50 day moving average is $100.93 and its 200 day moving average is $87.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. On average, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction 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 approximately $6,979,372.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its position in C.H. Robinson Worldwide by 168.2% during 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. Quent Capital LLC boosted its position in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. UMB Bank n.a. boosted its position in C.H. Robinson Worldwide by 147.0% during 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 bought a new stake in C.H. Robinson Worldwide during the first quarter valued at about $49,000. Finally, EdgeRock Capital LLC bought a new stake in C.H. Robinson Worldwide during the second quarter valued at about $62,000. Institutional investors own 93.15% of the company’s stock.

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.