C.H. Robinson Worldwide, Inc. [CHRW] stock is trading at $72.01, down -1.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CHRW shares have gain 0.33% over the last week, with a monthly amount drifted -3.99%, and not seem to be holding up well over a long-time horizon.
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On 2, April 2024, C.H. Robinson First Quarter 2024 Earnings Release and Conference Call Scheduled for Wednesday, May 1, 2024. In a post published today on Yahoo Finance, C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), announced today that it will issue its first quarter 2024 results after the market closes on Wednesday, May 1, 2024. The company will hold a conference call from 5:00 pm – 6:00 pm Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community.
From an analyst’s perspective:
C.H. Robinson Worldwide, Inc. [NASDAQ: CHRW] stock has seen the most recent analyst activity on April 01, 2024, when Barclays downgraded its rating to a Underweight and also revised its price target to $65 from $80. Previously, Exane BNP Paribas downgraded its rating to Neutral on March 27, 2024, and kept the price target unchanged to $76. On January 10, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $80 on the stock. Susquehanna downgraded its rating to a Negative and decreased its price target to $77 on August 31, 2023. JP Morgan downgraded its rating to a Underweight but $87 remained the price target by the analyst firm on February 17, 2023. Stifel downgraded its rating to Hold for this stock on February 03, 2023, and downed its price target to $99. In a note dated January 17, 2023, BofA Securities downgraded an Underperform rating on this stock.
C.H. Robinson Worldwide, Inc. [CHRW] stock has fluctuated between $69.11 and $106.14 over the past year. Currently, Wall Street analysts expect the stock to reach $102.17 within the next 12 months. C.H. Robinson Worldwide, Inc. [NASDAQ: CHRW] shares were valued at $72.01 at the most recent close of the market. An investor can expect a potential return of 41.88% based on the average CHRW price forecast.
Analyzing the CHRW fundamentals
C.H. Robinson Worldwide, Inc. [NASDAQ:CHRW] reported sales of 17.60B for the trailing twelve months, which represents a drop of -16.68%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.23 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 71.12 points at the first support level, and at 70.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.79, and for the 2nd resistance point, it is at 73.57.
C.H. Robinson Worldwide, Inc. [CHRW] reported earnings per share of $0.5 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.81/share, meaning a difference of -$0.31 and a surprise factor of -38.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.84 per share as compared to estimates of $0.82 per share, a difference of $0.02 representing a surprise of 2.40%.
Ratios To Look Out For
For context, C.H. Robinson Worldwide, Inc.’s Current Ratio is 1.40. As well, the Quick Ratio is 1.40, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 5.93 and price to earnings (TTM) ratio is 26.54.
Transactions by insiders
Recent insider trading involved WINSHIP HENRY WARD IV, Director, that happened on Nov 21 ’23 when 0.0 shares were sold. Director, WINSHIP HENRY WARD IV completed a deal on Nov 16 ’23 to sell 7.0 shares. Meanwhile, President & CEO Bozeman David P bought 1807.0 shares on Nov 14 ’23.
