Citigroup has recently initiated CH Robinson Worldwide Inc (CHRW) stock to Neutral rating, as announced on October 9, 2024, according to Finviz. Earlier, on October 4, 2024, UBS had raised the stock from a Neutral to Buy, setting a price target of $140 for CHRW stock. JP Morgan also raised Overweight rating with a price target of $110. Additionally, TD Cowen reiterated Hold rating on August 1, 2024, with a target price of $103. BofA Securities analysts, in their report published on July 22, 2024, also raised Buy rating and set a price target of $99 for CH Robinson Worldwide Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
CH Robinson Worldwide Inc (CHRW) Stock Trading Recap
On Monday, CH Robinson Worldwide Inc (CHRW) stock saw a decline, ending the day at $108.88 which represents a decrease of $-1.24 or -1.13% from the prior close of $110.12. The stock opened at $109.9 and touched a low of $108.46 during the day, reaching a high of $109.9. The volume of shares traded was 1.06 million falling short of the average volume of 1.33 million.
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CHRW Stock Performance and Moving Averages
In recent trading, CH Robinson Worldwide Inc (CHRW) stock price has shown some volatility, fluctuating -1.16% over the last five trades and 4.49% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 53.87%, and it has gained 20.14% in the previous three months. Currently, CHRW is trading at 0.14%, 4.37%, and 25.28% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CHRW, a Industrials sector stock, is trading -3.73% below its 52-week high but remains 67.51% above its 52-week low. The Average True Range (ATR) (14 days) of 2.21 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
CH Robinson Worldwide Inc’s Profitability and Valuation Ratios
CH Robinson Worldwide Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 3.29% and a profit margin of 1.90%, with a gross margin of 53.87%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, CH Robinson Worldwide Inc’s market capitalization stands at $12.77 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 39.27, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 22.8. Additionally, the Price-to-Sales Ratio is 0.73, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 8.45, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.81% of CH Robinson Worldwide Inc (CHRW)’s shares, while financial institutions hold 95.76%.
Notable insider trades include Campbell Ben G, Chief Legal Officer/Secretary at CH Robinson Worldwide Inc (CHRW), who sold 2780 shares on Aug 27 ’24, at $102.11 each, totaling $0.28 million. On Aug 16 ’24, Freeman Angela K., CHRO and ESG Officer, sold 8387 shares for $99.44 each, amounting to $0.83 million. Additionally, on Aug 09 ’24, Short Michael John sold 10894 shares at $98.38 each, generating $1.07 million.
