C.H. Robinson Worldwide (NASDAQ:CHRW) Receives a Downgrade
In analysts report revealed to clients earlier today, Bank of America (Merrill Lynch) cut shares of C.H. Robinson Worldwide (NASDAQ:CHRW) to a “Underperform” rating from their previous “Neutral” rating. The firm currently has a $66.00 target price per share on shares. The target price per share from Bank of America (Merrill Lynch) would indicate a possible downside of -2.87% from the last stock close of the stock.
From a total of 24 analysts covering C.H. Robinson Worldwide (NASDAQ:CHRW) stock, 8 rate it a ”Buy”, 4 a “Sell”, and 19 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is $94 while the lowest target price is $62. The mean of all analyst targets is $73.29 with a 38.06% above today’s ($65.51) stock price. C.H. Robinson Worldwide was the topic of 16 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Susquehanna maintained shares on October 29 with “Neutral” rating. Evercore initiated shares with “Buy” rating and $81 target share price in a report from an August 19. Goldman Sachs downgraded CHRW stock in a recent report from September 30 to “Sell” rating. FinnCap initiated the rating on August 19. FinnCap has a “” rating and a $220 price target on shares. Finally, Zacks upgraded the stock to “Buy” rating in a report issued on a September 2.
Approximately 710 shares of stock traded hands. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has risen 4.99% since April 29, 2015 and is uptrending. It has outperformed by 5.19% the S&P500.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The company has a market cap of $9.76 billion. The Firm provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. It has 19.97 P/E ratio. The Firm operates through a network of 281 offices in North America, Europe, Asia and South America.
According to Zacks Investment Research, “C.H. Robinson Worldwide, Inc., is one of the largest third-party logistics companies in North America. C.H. Robinson is a global provider of multimodal transportation services and logistics solutions, operating through a network of offices in North America, South America and Europe. C.H. Robinson maintains the single largest network of motor carrier capacity in North America through contracts with motor carriers, and is one of the largest third-party providers of intermodal services in the United States. (PRESS RELEASE)” Get a free copy of the Zacks research report on C.H. Robinson Worldwide, Inc. (CHRW).