According to Bloomberg, C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) has received a consensus recommendation of “Reduce” from the twenty-three analysts covering the company. Out of these analysts, seven have given the stock a sell rating, eleven have assigned it a hold rating, and five have given it a buy rating. Analysts who have updated their coverage on the stock in the past year have set an average 12-month price target of $95.04.
On Monday, CHRW stock opened at $86.13. The company currently boasts a market capitalization of $10.03 billion and has a P/E ratio of 19.80 with a price-to-earnings-growth ratio of 3.82 and a beta of 0.79. Additionally, C.H. Robinson Worldwide has a debt-to-equity ratio of 0.66 and quick as well as current ratios standing at 1.11 each.
Over the course of the past year, shares of C.H. Robinson Worldwide have experienced fluctuations between their 52-week low of $84.76 and their 52-week high of $108.05 The business also holds a 50-day simple moving average of $92.37 along with a two-hundred day simple moving average value reaching $95.07.
In terms of recent investment activities related to CHRW shares, several hedge funds have bought and sold them recently as well. For instance, Massmutual Trust Co.FSB ADV increased its position by 75 .7% during the first quarter while Penserra Capital Management LLC bought new CHRW shares valued at approximately $30,000.
On August 2nd, C.H.Robinson Worldwide announced its earnings results which revealed that earnings per share for the quarter stood at $0.90 , aligning with analysts’ consensus estimates.C.H.Robinson also demonstrated a net margin of 2.67% along with a return on equity of 39.80%. This quarter’s revenue amounted to $4.42 billion, slightly lower than the consensus estimate of $4.62 billion. Comparatively, the company’s revenue decreased by 35% when juxtaposed with the same quarter in the previous year. Research analysts currently project that for the current fiscal year, C.H.Robinson Worldwide will deliver an EPS of 3.76.
Overall, it is evident that analysts have conveyed a “Reduce” recommendation for shares of C.H.Robinson Worldwide, Inc., as indicated by Bloomberg’s report and consensus opinion from twenty-three covering analysts. With a diverse range of ratings including sell, hold, and buy assigned to the stock, investors should carefully consider these recommendations before making any investment decisions in relation to C.H.Robinson Worldwide.
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Assessing the Future of C.H. Robinson Worldwide: Uncertainty Amidst Mixed Analyst Reviews and Dividend Payout
October 2, 2023 – C.H. Robinson Worldwide (NASDAQ: CHRW), a leading third-party logistics provider, has caught the attention of analysts over the past few months. The company has received mixed reviews and target price revisions from various financial institutions.
Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $93.00 to $88.00 on June 29th, signaling a decrease in projected value for the stock. Similarly, Evercore ISI also revised its target price downwards from $95.00 to $86.00 on September 27th, further adding to the perplexity surrounding the company’s future prospects.
Loop Capital echoed these sentiments by lowering their target price from $105.00 to $102.00 and simultaneously maintaining a “buy” rating on the stock in a report published on August 18th. This contradictory stance highlights the unpredictability that surrounds C.H. Robinson Worldwide at this point in time.
In another contrasting analysis, Citigroup raised their price target from $94.00 to $98.00 but maintained a “neutral” rating on August 3rd. This conflicting opinion adds an additional layer of complexity to understanding the company’s trajectory in the market.
The most striking contrast comes from Credit Suisse Group, which reduced their price target significantly from $93.00 to $92.00 while assigning an “underperform” rating on August 16th. This contradictory recommendation adds yet another level of confusion when attempting to assess C.H. Robinson Worldwide’s future performance.
Aside from analyst reports, C.H. Robinson Worldwide recently announced its intention to pay a quarterly dividend on Monday, October 2nd—a date that shareholders are eagerly awaiting. Shareholders of record as of Friday, September 1st will receive a specific amount per share as part of this dividend payment structure.
According to information released by the company, shareholders will receive a $0.61 dividend per share. This translates to an annualized dividend of $2.44 and a yield of 2.83%. The ex-dividend date, the date on which new investors will no longer receive the upcoming dividend, was set for August 31st.
While this dividend payout demonstrates the company’s commitment to rewarding its shareholders, it remains uncertain how this will influence investor sentiment given the mixed assessments from various analysts.
It is important for potential and existing investors to reflect on all these perplexing factors when considering investing in C.H. Robinson Worldwide. These contrasting opinions contribute to an overall sense of uncertainty surrounding the stock and raise questions about the company’s future performance.
Investors should exercise caution and conduct thorough research before making any investment decisions regarding C.H. Robinson Worldwide. As with any investment, it is crucial to consider one’s own risk tolerance and financial goals before entering into any position in the market.
