KeyBanc Upgrades C.H. Robinson Worldwide to Overweight

Brokerage firm KeyBanc Upgrades its rating on C.H. Robinson Worldwide(NASDAQ:CHRW). The shares have been rated Overweight. Previously, the analysts had a Sector Perform rating on the shares. The rating by KeyBanc was issued on Apr 14, 2016.

In a different note, On Mar 7, 2016, BMO Capital said it Downgrades its rating on C.H. Robinson Worldwide. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Feb 4, 2016, Raymond James said it Upgrades its rating on C.H. Robinson Worldwide. The shares have been rated ‘Outperform’ by the firm.

C.H. Robinson Worldwide (CHRW) made into the market gainers list on Mondays trading session with the shares advancing 0.82% or 0.6 points. Due to strong positive momentum, the stock ended at $74.11, which is also near the day’s high of $74.52. The stock began the session at $73.47 and the volume stood at 9,91,914 shares. The 52-week high of the shares is $75.11 and the 52 week low is $59.71. The company has a current market capitalization of $10,616 M and it has 14,32,42,680 shares in outstanding.

C.H. Robinson Worldwide(CHRW) last announced its earnings results on Oct 27, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $3.42B. Analysts had an estimated revenue of $3.58B. Earnings per share were $0.96. Analysts had estimated an EPS of $0.93.

Several Insider Transactions has been reported to the SEC. On Feb 9, 2016, Chris Obrien (Senior Vice President) sold 7,780 shares at $66.96 per share price.Also, On Feb 9, 2016, John Wiehoff (CEO) sold 44,382 shares at $67.71 per share price.On Feb 3, 2016, Angela K. Freeman (VP, Human Resources) sold 2,225 shares at $64.88 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.

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