Today: The Buckingham Research Reaffirms Buy Rating for C.H. Robinson Worldwide Inc. (CHRW)

The Buckingham Research Reaffirms Buy Rating for C.H. Robinson Worldwide Inc. (CHRW)

Buckingham Research reissued their buy rating on shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) in a research report report published on Sunday. They currently have a $87.00 price target on the stock, up from their prior price target of $79.00.

A number of other equities research analysts have also weighed in on CHRW. Stifel Nicolaus restated a buy rating and issued a $81.00 price objective (up from $79.00) on shares of C.H. Robinson Worldwide in a report on Sunday, September 4th. RBC Capital Markets restated an outperform rating and issued a $76.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Tuesday, June 28th. Royal Bank Of Canada reduced their price objective on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an outperform rating on the stock in a report on Thursday, July 28th. Finally, Barclays PLC lowered shares of C.H. Robinson Worldwide from an overweight rating to an equal weight rating and reduced their price objective for the company from $78.00 to $72.00 in a report on Monday, September 12th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $75.08.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.11% on Friday, reaching $70.34. 1,043,810 shares of the company were exchanged. The stock has a 50-day moving average price of $69.42 and a 200 day moving average price of $71.69. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 19.16 and a beta of 0.28. C.H. Robinson Worldwide has a 52 week low of $59.71 and a 52 week high of $76.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the business earned $0.94 EPS. The company’s revenue was down 6.9% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide will post $3.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 46.87%.

Hedge funds have recently made changes to their positions in the stock. Integrated Investment Consultants LLC boosted its stake in shares of C.H. Robinson Worldwide by 176.2% in the second quarter. Integrated Investment Consultants LLC now owns 1,450 shares of the company’s stock valued at $108,000 after buying an additional 925 shares during the period. Van ECK Associates Corp boosted its position in shares of C.H. Robinson Worldwide by 34.2% in the second quarter. Van ECK Associates Corp now owns 1,699 shares of the company’s stock worth $126,000 after buying an additional 433 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of C.H. Robinson Worldwide by 76.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,765 shares of the company’s stock worth $131,000 after buying an additional 762 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 7.2% in the second quarter. Pacer Advisors Inc. now owns 2,606 shares of the company’s stock worth $193,000 after buying an additional 176 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $210,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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