Monthly Stock Report: C.H. Robinson Worldwide, Inc. (CHRW)
Publication Date: September 22, 2024
Company Overview
C.H. Robinson Worldwide, Inc. (CHRW), based in Eden Prairie, Minnesota, is a key player in the Integrated Freight & Logistics industry under the Industrials sector. Established in 1905, the company provides an extensive array of logistics services globally, including truckload and less-than-truckload transportation, intermodal transport, air shipments, and customs brokerage. CHRW further diversifies its offerings by marketing fresh produce through its Robinson Fresh brand and partnering with approximately 45,000 transportation companies, enhancing supply chain efficiencies across various sectors.
Current Market Performance
As of September 2024, C.H. Robinson reports total revenue of $17.46 billion, highlighting the critical role that freight and logistics services play in the global economy. The stock is currently trading around $104.20, sitting just below its fifty-two week high of $105.41 and significantly above its low of $65.00. Analysts have set a target mean price at $98.08, with a potential high of $129.00 under favorable market conditions. The relatively low short interest of 6.93% (approximately 6,162,810 shares held short) suggests that investor confidence remains steadfast, albeit with some bearish sentiment reflected in short-selling activities.
Investment Outlook
The consensus among analysts promotes a ‘hold’ recommendation for CHRW shares, supported by a mean recommendation score of 2.8 from 20 analyst opinions. This cautious stance indicates that, while the company shows promising revenue generation potential, immediate growth prospects may not sufficiently warrant active buying or selling. Investors should closely monitor the developments and broader market conditions that could potentially alter this outlook. As the stock journey continues, its performance trajectory hinges on operational innovations and strategic growth in a competitive landscape, thus presenting a noteworthy opportunity for growth for those holding shares.
| Metric | Value |
|---|---|
| Market Cap | $12.2b |
| Total Debt | $2.0b |
| Total Cash | $113.2m |
| Shares Outstanding | 117.3m |
| Float Shares | 116.9m |
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