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Wednesday, September 23, 2020

Is Now the Time to Invest in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)?

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The C.H. Robinson Worldwide Inc. (CHRW) shares are trading at higher $87.70 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $78.88.

To add more color to this target, the company’s high over the last year is $91.23 and the low is $56.94. Over the last 52 weeks, CHRW is down -3.87% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CHRW reported a profit of $567.95 million. C.H. Robinson Worldwide Inc. also saw revenues increase to $3.81 billion. In addition, CHRW has free cash flow of $50.66 million as of 03-2020. The company’s EBITDA came in at $133.83 million which compares well with its peers.

CHRW booked profit margins of 3.20%, its Return on Equity (ROE) is 29.90%, and its Return on Assets is 10.50%. All told, it is clear that, CHRW needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CHRW has a short ratio of 8.60 and outstanding shares of 135.47M.

Company Outlook

CHRW has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.03 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.60. C.H. Robinson Worldwide Inc. CHRW also noted assets of $4.85 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CHRW has historically followed its peers on positive news.

All told, C.H. Robinson Worldwide Inc. CHRW has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHRW represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

C.H. Robinson Worldwide Inc. CHRW is now commanding a market cap of 11.69B and a float of 133.47M. CHRW is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CHRW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CHRW, either long or short, and we have not been compensated for this article.

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