C.H. Robinson Worldwide (CHRW) was Downgraded by Stifel to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 75 from a previous price target of $73 . Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on C.H. Robinson Worldwide. Shares were Reiterated by Stifel on Oct 26, 2016 to “Buy” and Lowered the Price Target to $ 73 from a previous price target of $81 .
On the company’s financial health, C.H. Robinson Worldwide reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $0.96. The company had revenue of $3355.70 million for the quarter, compared to analysts expectations of $3337.91 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.96 EPS.
C.H. Robinson Worldwide opened for trading at $73.89 and hit $74.59 on the upside on Monday, eventually ending the session at $74.4, with a gain of 0.53% or 0.39 points. The heightened volatility saw the trading volume jump to 24,26,920 shares. Company has a market cap of $10,536 M.
In a different news, on Nov 15, 2016, James Lemke (Senior Vice President) sold 5,000 shares at $73.07 per share price. According to the SEC, on Nov 10, 2016, Robert C Jr Biesterfeld (President, N American Surface) sold 600 shares at $71.30 per share price. On Nov 3, 2016, Angela K. Freeman (VP, Human Resources) sold 2,175 shares at $68.22 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.