JPMorgan Chase & Co. upgrades CH Robinson Worldwide (NASDAQ:CHRW) to Neutral.

CH Robinson Worldwide (NASDAQ:CHRW – Download Free Report) was raised by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage currently has a price target on the transportation company’s shares of $87.00, up from its previous price target of $76.00. The JPMorgan Chase & Co. price target indicates a potential upside of 0.44% from the current stock price.

Several other research firms have also recently commented on CHRW. Wolfe Research raised shares of CH Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11. Baird RW raised shares of CH Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3. BNP Paribas reiterated a “neutral” rating and set a $76.00 price target on shares of CH Robinson Worldwide in a research note on Wednesday, March 27. BMO Capital Markets raised their price target on shares of CH Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, May 3. Finally, Wells Fargo & Company began coverage on CH Robinson Worldwide in a research note on Friday, June 7. They set an “equal weight” rating and a $94.00 price target on the stock. Four equity research analysts have rated the stock a “sell,” fourteen have given a “hold” rating, and four have given a “buy” rating. The stock has a consensus rating of “Hold” and a consensus price target of $87.06, according to data from MarketBeat.com.

See our latest report on CHRW

CH Robinson Worldwide shares up 0.2%

CHRW opened at $86.62 on Tuesday. The company has a current ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. CH Robinson Worldwide has a twelve-month low of $65.00 and a twelve-month high of $100.88. The company has a market capitalization of $10.14 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. The company has a 50-day average price of $84.65 and a 200-day average price of $79.83.

CH Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly financial results on Wednesday, May 1. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. CH Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ estimates of $4.27 billion. During the same period in the prior year, the company reported earnings per share of $0.98. The company’s revenue declined 4.3% year-over-year. Sell-side analysts expect CH Robinson Worldwide to report earnings per share of $3.59 for the current fiscal year.

Institutional Trading CH Robinson Worldwide

Hedge funds have recently changed their positions in the business. Quent Capital LLC increased its holdings in shares of CH Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in CH Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the period. Montag A & Associates Inc. acquired a new position in shares of CH Robinson Worldwide in the fourth quarter worth $30,000. UMB Bank increased its position in shares of CH Robinson Worldwide by 147.0% in the first quarter. UMB Bank now owns 494 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 294 shares during the period. Finally, Evermay Wealth Management LLC increased its holdings in shares of CH Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 420 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

CH Robinson Worldwide Company Profile

(Download the free report)

CH Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation and related logistics and supply chain services in the United States and internationally. It operates in two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, including truckload and less-than-truckload brokerage, which involves the shipment of single or multiple pallets of goods; intermodal transportation, which involves the shipment of goods in containers or trailers using a combination of truck and rail; and non-vessel carrier and freight forwarder services, as well as air freight and door-to-door services.

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