C.H. Robinson Worldwide (CHRW) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 18, 2016.
Many Wall Street Analysts have commented on C.H. Robinson Worldwide. JP Morgan Initiated C.H. Robinson Worldwide on Jul 11, 2016 to “Underweight”, Price Target of the shares are set at $66.Shares were Downgraded by UBS on Jul 11, 2016 to ” Sell” and Lowered the Price Target to $ 65 from a previous price target of $72 .Company shares were Reiterated by Cowen on Apr 27, 2016 to “Market Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $69 .
On the company’s financial health, C.H. Robinson Worldwide reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $3073.90 million for the quarter, compared to analysts expectations of $3173.01 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.
C.H. Robinson Worldwide closed down -0.36 points or -0.50% at $71.94 with 20,67,583 shares getting traded on Friday. Post opening the session at $72.5, the shares hit an intraday low of $71.575 and an intraday high of $72.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 11, 2016, Angela K. Freeman (VP, Human Resources) sold 2,200 shares at $73.15 per share price. According to the SEC, on May 10, 2016, Robert C Jr Biesterfeld (President, N American Surface) sold 2,405 shares at $72.65 per share price. On May 3, 2016, Jordan T Kass (President, Managed Services) sold 4,076 shares at $70.90 per share price, according to the Form-4 filing with the securities and exchange commission.
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.