[Business Wire] CH Robinson Worldwide Inc (NASDAQ:CHRW)(TREND ANALYSIS) announced that Jeroen Eijsink has joined the company as President of C.H. Robinson Europe, B.V. Eijsink will report to President and Chief Executive Officer John Wiehoff.
“Jeroen is a focused and proven collaborative leader who brings extensive European transportation expertise and significant leadership experience to his new role with C.H. Robinson,” said Wiehoff. “Europe is a critical part of our global growth strategy and a competitive differentiator for the company. Our business in the region is well positioned with a strong leadership team in place.”
Since 1993, C.H. Robinson has offered road transport and freight forwarding services via a dynamic network of offices throughout Europe. Over the past three years, the company has accelerated growth in the European region by adding 18 offices, for a total of 52, and doubled headcount to over 1,000 customer-focused employees.
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CH Robinson Worldwide Inc (NASDAQ:CHRW) stock is currently trading 10.96% below its 52-week-high, 12.27% above its 52-week-low. The 1-year stock price history is in the range of $61.46 – $77.49. CH Robinson Worldwide Inc (CHRW) has a price to earnings ratio of 20.97 versus Services sector average of 18.08. CHRW stock price has underperformed the Nasdaq by 8.2%. The Transportation Services company is currently valued at $9.78 billion and its share price closed the last trading session at $69. The stock has a 50-day moving average of $68.28 and a 200-day moving average of $67.77.
CH Robinson Worldwide Inc (CHRW) current short interest stands at 11.37 million shares. It has increased by 10% from the same period of last month. Around 9% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.61 million shares, the number of days required to cover the short positions stand at 7.1 days.
The company is expected to announce next quarter earnings on October 27, at consensus estimate of $0.93. CH Robinson Worldwide Inc (CHRW) reported last quarter earnings on July 28. The Transportation Services company announced earnings per share of $0.94 against a consensus Street estimate of $0.87, beating the average estimate by $0.07. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.
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There are currently thirty-one analysts that cover CH Robinson Worldwide Inc stock. Of those thirty-one, seven have a Buy rating, twenty-one have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $72.5.
A recent analyst activity consisted of Wolfe upgrading their rating to Outperform on September 2. On the date of report, the stock closed at $68.74.
Evercore ISI initiated their coverage on the stock with Buy rating on August 18, and fixed their price target at $81. This corresponds to a 17.39% upside from the last closing price. On the date of report, the stock closed at $69.35.
Another research firm was Barclays who reiterated their Overweight stance on July 29. Barclays increased their price target on CH Robinson Worldwide Inc from $72 to $74. This translates to a 7.25% upside from the last closing price. On the date of report, the stock closed at $69.45.
C.H. Robinson Worldwide, Inc. provides multimodal transportation services and logistics solutions. The Company operates a network of offices in North America, Europe, Asia, South America, and the Middle East. C.H. Robinson provides a variety of logistics services, such as fresh produce sourcing and freight consolidation.