Raymond James lifts C.H. Robinson Worldwide, Inc. [CHRW] price estimate. Who else is bullish?

GBS Stock

C.H. Robinson Worldwide, Inc. [NASDAQ: CHRW] price surged by 2.51 percent to reach at $2.12.

The one-year CHRW stock forecast points to a potential downside of -7.1. The average equity rating for CHRW stock is currently 3.29, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on C.H. Robinson Worldwide, Inc. [CHRW]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHRW shares is $80.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHRW stock is a recommendation set at 3.29. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for C.H. Robinson Worldwide, Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $79 to $86. The new note on the price target was released on May 02, 2024, representing the official price target for C.H. Robinson Worldwide, Inc. stock. On April 01, 2024, analysts decreased their price target for CHRW shares from 80 to 65.

The Average True Range (ATR) for C.H. Robinson Worldwide, Inc. is set at 2.19, with the Price to Sales ratio for CHRW stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 7.10, with the Price to Cash per share for the same quarter was set at 1.04. Price to Free Cash Flow for CHRW in the course of the last twelve months was 24.36 with Quick ratio for the last quarter at 1.37.

CHRW Stock Performance Analysis:

C.H. Robinson Worldwide, Inc. [CHRW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.10. With this latest performance, CHRW shares gained by 23.43% in over the last four-week period, additionally plugging by 4.81% over the last 6 months – not to mention a drop of -12.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHRW stock in for the last two-week period is set at 71.34, with the RSI for the last a single of trading hit 74.23, and the three-weeks RSI is set at 68.04 for C.H. Robinson Worldwide, Inc. [CHRW]. The present Moving Average for the last 50 days of trading for this stock 75.67, while it was recorded at 84.56 for the last single week of trading, and 81.69 for the last 200 days.

Insight into C.H. Robinson Worldwide, Inc. Fundamentals:

C.H. Robinson Worldwide, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 1.37.

CHRW Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHRW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for C.H. Robinson Worldwide, Inc. go to 11.30%.

C.H. Robinson Worldwide, Inc. [CHRW] Institutonal Ownership Details

The top three institutional holders of CHRW stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CHRW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CHRW stock with ownership which is approximately 5.8386%.