The stock of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) last traded at $102.21, up 14.78% from the previous session.
CHRW stock price is now 17.55% away from the 50-day moving average and 25.83% away from the 200-day moving average. The market capitalization of the company currently stands at $11.97B.
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With the price target enhanced from $87 to $110, JP Morgan Upgraded its rating from Neutral to Overweight for C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW). On August 02, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $86 to quote $103, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, WINSHIP HENRY WARD IV, Director sold 204 shares of the company’s stock on May 10 ’24. The stock was sold for $16,764 at an average price of $82.32. Upon completion of the transaction, the Director now directly owns 266,732 shares in the company, valued at $27.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, Director WINSHIP HENRY WARD IV sold 0 shares of the business’s stock. A total of $6 was realized by selling the stock at an average price of $82.26. This leaves the insider owning 266,936 shares of the company worth $27.28 million. A total of 1.06% of the company’s stock is owned by insiders.
During the past 12 months, C.H. Robinson Worldwide, Inc. has had a low of $65.00 and a high of $100.43. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 1.37, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $14075300864, which is based on a 40.36 price-to-earnings ratio, a 3.88 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for CHRW is $87.307 and a two-hundred day moving average price translates $81.31685 for the stock.
The latest earnings results from C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) was released for 2024-06-30. The net profit margin was 1.74% and return on equity was 21.57% for CHRW. The company reported revenue of $4.41 billion for the quarter, compared to $4.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.32 percent.
