C.H. Robinson Worldwide (CHRW) : 6 brokerage houses believe that C.H. Robinson Worldwide (CHRW) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on C.H. Robinson Worldwide (CHRW). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 2.35.
C.H. Robinson Worldwide (CHRW) : The highest short term price target forecast on C.H. Robinson Worldwide (CHRW) is $85 and the lowest target price is $65. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $76.31 with a standard deviation of $5.75.
C.H. Robinson Worldwide (NASDAQ:CHRW): The stock opened at $75.03 on Wednesday but the bulls could not build on the opening and the stock topped out at $75.69 for the day. The stock traded down to $74.38 during the day, due to lack of any buying support eventually closed down at $74.80 with a loss of -0.31% for the day. The stock had closed at $75.03 on the previous day. The total traded volume was 965,289 shares.
Also, Brokerage firm Stephens & Co. downgrades its rating on C.H. Robinson Worldwide (NASDAQ:CHRW). In a research note issued to the investors, the brokerage major maintains price-target of $76 per share.The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on April 28, 2016. The company shares have rallied 21.23% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $73.43 and the 200 Day Moving Average price is recorded at $70.51.
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.