C.H. Robinson Worldwide (NASDAQ:CHRW): The mean short term price target for C.H. Robinson Worldwide (NASDAQ:CHRW) has been established at $76.31 per share. The higher price target estimate is at $85 and the lower price target estimate is expected at $65 according to 13 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $5.75
Many analysts have stated their opinion on the company shares. Equity Analysts at the Stephens & Co. downgrades the rating on C.H. Robinson Worldwide (NASDAQ:CHRW). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency maintains the price target to $76 per share. The rating by the firm was issued on April 28, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities,The officer (VP, Human Resources) of C H Robinson Worldwide Inc, Freeman Angela K. sold 2,200 shares at $73.15 on May 9, 2016. The Insider selling transaction had a total value worth of $160,930. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
C.H. Robinson Worldwide (NASDAQ:CHRW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.01% at $72.98 with 972,556 shares getting traded. Post opening the session at $73.07, the shares hit an intraday low of $72.88 and an intraday high of $73.33 and the price was in this range throughout the day. The company has a market cap of $10,419 million and the number of outstanding shares have been calculated to be 142,766,640 shares. The 52-week high of C.H. Robinson Worldwide (NASDAQ:CHRW) is $76.1 and the 52-week low is $59.71.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.