C.H. Robinson Worldwide (NASDAQ:CHRW) : The consensus on C.H. Robinson Worldwide (NASDAQ:CHRW) based on 18 analyst recommendation on the company stock is 2.35, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on C.H. Robinson Worldwide (NASDAQ:CHRW).
C.H. Robinson Worldwide (NASDAQ:CHRW) : The consensus price target for C.H. Robinson Worldwide (NASDAQ:CHRW) is $76.31 for the short term with a standard deviation of $5.75. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $85, however, the pessimist price target for the company is $65.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Stephens & Co. downgrades its ratings on C.H. Robinson Worldwide (NASDAQ:CHRW). In the latest research report, Stephens & Co. maintains the target price to $76 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on April 28, 2016.
C.H. Robinson Worldwide (NASDAQ:CHRW): stock turned positive on Tuesday. Though the stock opened at $72.24, the bulls momentum made the stock top out at $73.44 level for the day. The stock recorded a low of $72.18 and closed the trading day at $73.42, in the green by 1.72%. The total traded volume for the day was 1,648,236. The stock had closed at $72.18 in the previous days trading.
In an insider trading activity, Freeman Angela K., officer (VP, Human Resources) of C H Robinson Worldwide Inc, unloaded 2,200 shares at an average price of $73.15 on May 9, 2016. The total amount of the transaction was worth $160,930, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.