Why Has Buckingham Research Given C.H. Robinson Worldwide (NASDAQ:CHRW) a $63.00 Price Target
Research analysts at Buckingham Research have commenced coverage coverage on C.H. Robinson Worldwide (NASDAQ:CHRW) with a key “Neutral” rating. The target price per share for CHRW is exactly $63.00. It gives a possible upside of 0.66% from company’s closing share price.
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 $72.58 with a 37.91% above today’s ($62.62) stock price. C.H. Robinson Worldwide was the topic of 18 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets initiated shares on December 9 with “Outperform” rating. Zacks upgraded shares to “Buy” rating and $73 target share price in a report from a September 2. Susquehanna maintained CHRW stock in a recent report from October 29 with “Neutral” rating. Evercore initiated the rating on August 19. Evercore has a “Buy” rating and a $81 price target on shares. Finally, Goldman Sachs downgraded the stock to “Sell” rating in a report issued on a September 30.
Approximately 2.05 million shares of stock traded hands or 34.87% up from the average. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has declined 5.09% since May 12, 2015 and is downtrending. It has underperformed by 1.42% the S&P500.
The overall sentiment of institutions has increased to 0.94 in Q2 2015. Its up 0.17, from 0.77 in 2015Q2. The ratio increased, as 45 institutions have sold all the shares of C.H. Robinson Worldwide, Inc. that they owned while 170 funds have taken shares off the table. 57 funds have purchased shares for the first time while 146 added to their positions. These institutions now hold 125.26 million shares or 3.36% more than the 121.18 million shares they owned in 2015Q2.
The Fund Somerset Group Llc currently is holding shares equating to 9.56% of its total portfolio in C.H. Robinson Worldwide, Inc. representing a total of 129,607 shares. Another fund,Saratoga Research & Investment Management, is holding a total of 607,616 shares equating to 4.13% of their holdings. Additionally, Capital Management Corp Va has a 139,471 share stake in C.H. Robinson Worldwide, Inc. which represents 3.79% of their total portfolio. The Fund, Aimz Investment Advisors Llc, based out of California, has also built up a stake in the stock, which represents a total of 3.64% of their total portfolio. Finally Gyroscope Capital Management Group Llc, a fund which is based in the state of Florida reported a total holdings of 53,348 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 8, 2015, shareholders of C.H. Robinson Worldwide, Inc. have witnessed 0 insider buys, and a total of 1 insider sale equating to a net activity of approximately $75,440 . Freeman Angela K. sold 1,062 shares worth approximately $75,440. Kass Jordan T sold 1,265 shares worth approximately $81,276.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The company has a market cap of $8.79 billion. The Firm provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. It has 18.4 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)”