(The) began coverage on shares of C.H. Robinson Worldwide, Inc. The brokerage now has an underperform rating on the transportation company's stock. This is an increase from C.H. Robinson Worldwide's previous quarterly dividend of $0.43. The company's revenue was up 12.8% compared to the same quarter previous year. Additionally, we are impressed by the company's efforts to reward shareholders.
(NASDAQ:CHRW) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a hold rating in a report on Wednesday, November 1st. Bank of America Corporation raised C.H. Robinson Worldwide from an underperform rating to a buy rating and raised their target price for the company from $70.00 to $86.00 in a report on Tuesday, October 10th.
Eicher Motors Q2 net profit jumps 25% YoY
Standalone net profit increased 22.8 percent year-on-year to Rs 486.4 crore, aided by revenue and operating income. At 14:02 hours IST, the stock price was quoting at Rs 30,067.95, down Rs 493.90, or 1.62 percent on the BSE.
Equity analyst Barclays PLC raised the price target of the stock on November 2 changing the forecast from $70.00 to $75.00 and issued a "Equal Weight" recommendation. Deutsche Bank AG reduced their target price on C.H. Robinson Worldwide from $75.00 to $60.00 and set a hold rating on the stock in a report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. 1,115,800 shares of the company traded hands, compared to its average volume of 1,888,893. The company has a market capitalization of $10.39 billion, a P/E ratio of 20.32 and a beta of 0.37. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. sell-side analysts expect that C.H. Robinson Worldwide will post 3.32 earnings per share for the current fiscal year. The transportation company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03.
The company is so far trading down from yesterday's close of 80.33.
Some Washington state ski resorts to open this week
The resort announced The Discovery, Chinook Express and Forest Queen Express lifts will now run daily from 9 a.m.to 5 p.m. The snow base at Heather Meadows was 33 inches, and the temperature was 30 degrees with snow falling Tuesday morning.
WARNING: This report was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/14/c-h-robinson-worldwide-inc-chrw-given-new-69-00-price-target-at-credit-suisse-group.html. Also, VP Angela K. Freeman sold 1,200 shares of the firm's stock in a transaction dated Wednesday, August 16th.
In related news, insider Robert C. Biesterfeld, Jr. sold 600 shares of the firm's stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $79.98, for a total transaction of $1,199,700.00. The disclosure for this sale can be found here. During the same quarter a year ago, the company earned $0.90 EPS. Following the sale, the insider now owns 24,348 shares of the company's stock, valued at approximately $1,917,405.
Canadian Imperial Bank of Commerce (USA) (CM) Analysts See $2.09 EPS
The stock of Canadian Imperial Bank of Commerce (USA) (NYSE:CM) has "Hold" rating given on Thursday, December 3 by TD Securities. Intact Investment Management Inc. increased its stake in Canadian Imperial Bank of Commerce by 130.9% during the second quarter.
Large investors have recently modified their holdings of the stock. Capital International Investors raised its position in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. Ubs Asset Management Americas Inc now controls 3,767 shares with a value of $286,669,000. The value of the investment in C.H. Robinson Ww increased from $667,000 to $4,151,000 a change of 522.3% for the reporting period. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 34.2% in the second quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company's stock worth $416,000 after acquiring an additional 39 shares during the last quarter. BlackRock Inc. raised its position in shares of C.H. Robinson Worldwide by 3.6% in the 2nd quarter. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company's stock worth $208,000 after purchasing an additional 73 shares during the period.