C.H. Robinson Worldwide Price Target Lowered to $58.00 at Wunderlich (CHRW)

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Stock analysts at Wunderlich cut their price target on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from $64.00 to $58.00 in a report issued on Thursday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Wunderlich’s price target indicates a potential upside of 10.71% from the stock’s previous close.

The analysts wrote, “CH Robinson (CHRW) reported disappointing 4Q13 results last night, as EPS of $0.62 fell short of the Street’s $0.68 forecast. The miss came on the back of weaker gross revenue generation and further net revenue margin compression. The ramp in freight activity late in 4Q13 caused PT to spike, and while this has been the case for many other capacity brokers, CHRW did not share peers’ bullishness on overall market trajectory. With domestic operations still under pressure (and facing intense competition), focus has shifted to CHRW’s international efforts. While the integration of Phoenix is progressing well, it does not appear to be a catalyst for earnings growth in FY14. As a result, we continue to believe that CHRW will underperform transportation peers, and reiterate our Hold rating.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, January 29th. They now have a $60.00 price target on the stock. Separately, analysts at KeyCorp initiated coverage on shares of C.H. Robinson Worldwide in a research note to investors on Wednesday, December 11th. They set a “hold” rating on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 6th. They now have a $63.00 price target on the stock, down previously from $68.00. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $56.69.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.90% on Thursday, hitting $52.86. The stock had a trading volume of 881,690 shares. C.H. Robinson Worldwide has a one year low of $52.01 and a one year high of $62.46. The stock has a 50-day moving average of $57.38 and a 200-day moving average of $58.49. The company has a market cap of $8.294 billion and a P/E ratio of 19.77.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.06. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company posted $0.68 earnings per share. C.H. Robinson Worldwide’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post $2.85 earnings per share for the current fiscal year.

C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.

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