Stocks to Watch: C.H. Robinson Worldwide Inc. (CHRW), Switch Inc. (SWCH)

You should consider shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) and Switch Inc. (NYSE:SWCH) if you are looking for a great stocks to invest in. Starting with the CHRW shares, which traded at $76.02 at the close of the recent session, dropping -2.23%. On Tuesday, the company’s shares shed -$1.73 from its value which represented in intraday trading. The stock is now -17.66% lower in year-to-date (YTD) trading. CHRW’s intraday high was $77.71 while its lowest price touched $75.58. The stock’s 52-week high price is $94.34, which means the current price is at -19.42%. In terms of trading activity, the daily trading volume fell to 1386148 against 200-day average trading volume of 1,390,406 shares.

What are analyst forecasts for C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)?

At a consensus rating of 3.07, CHRW is trending as a streaking Hold, as it has been the case a month ago when 15 analysts called it a Hold. Two months ago, 16 analysts recommended, on average, that CHRW stock is a Hold. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $77.71 on the day.

Forecasts for C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) give the stock a fair value for the growth from its last price.

The consensus among 22 analysts is that it is a good time for one to Hold in the C.H. Robinson Worldwide Inc. 3 analysts rate CHRW as a Buy, with 3 of 22 analysts rate it as a Sell. 0 have valued the stock as Overweight and 15 have recommended that investors Hold.

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) Upgrades and Downgrades

In terms of rating changes, Goldman on November 01, 2019, Downgrade C.H. Robinson Worldwide Inc. (CHRW) at Sell. Analysts at Cowen have assigned a Outperform rating for the stock in their research note on October 30, 2019 with an estimated price target of $95. Moreover, BofA/Merrill analysts issued a rating of Underperform for the stock on October 30, 2019, giving it a price target of $80 for the next 12 months. On July 26, 2019, the stock earned a Neutral rating due to an analyst call from Citigroup, while analysts from UBS on May 01, 2019 suggested that the stock is Neutral.

Switch Inc. (NYSE:SWCH) adds -$0.01 on Tuesday

The SWCH stock has risen 121.57% year-to-date and is currently trading at $15.51, which is -8.50% below its 52-week high. The company shares lost -0.06% on the day and have risen nearly 142.72% off a low hit. At current levels, Switch Inc. has a valuation of about $439.40M. As of 12/03/19, this stock has fallen -2.51% during the week and closed at $15.52 in the previous session. However, recent Switch Inc. stock performance shows that SWCH shares are 5.15% up over the last month, and -6.40% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.03, with the trailing 12-month share earnings at $0.10. The ratio is expected to be up by 11.10% for the current year 2019 and 150.00% for next year. Over the next 5-year period, earnings per share will be 35.56%. But will the SWCH stock surprise in the current quarter results, where the $0.02 actual EPS reported on 9/29/2019 surprised by -50.00% or was lower by -$0.02 from the estimated $0.04.

Sales Growth to climb 12.20% for the year

How well will Switch Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $118.5M and $120.1M in current quarter sales. The consensus estimated for the current quarter is $119.28M from sales. Forecasts for this fiscal year are between $454.8M and $456.3M and the consensus estimate for sales is at $455.48M. SWCH has its next quarter sales estimates at between $117.4M and $123.92M, with the quarter-over-quarter growth estimates at 13.70% and the annual growth forecast for the year at 12.20%.

Who owns shares in Switch Inc. (SWCH)?

Let’s briefly focus on the share ownership of the Switch Inc. (NYSE:SWCH) stock, where we find that 61.41% of shares are held by institutions. Sylebra Capital Ltd tops the list of institutional owners as it is holding 7.56 million shares or 8.71% of shares outstanding. ArrowMark Colorado Holdings LLC and Vanguard Group, Inc. (The) held 6.12 million and 5.75 million representing 7.05% and 6.63% respectively at the close of the last trading session. As of Sep 29, 2019, Renaissance Technologies, LLC accounted for 5.51 million shares at over 86.13 million. This represented 6.35% of shares outstanding. U.S. Bancorp (Minnesota) held 4.42 million shares at over 69.04 million representing 5.09% of shares outstanding.

SWCH Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Switch Inc. (SWCH), a total of 1488312 shares have been sold by insiders over the last 6 months while 1969361 shares were added in the same time span. On 8/23/2019, by the name Balelo William Gonsalves sold 286991.0 shares worth $4.7 million at the price of $16.30 per share. Filings also show that Balelo William Gonsalves sold a total of 286991.0 shares on 8/23/2019 valued at $4.7 million. Since the last insider activity, the company’s share price has dropped -3.48%.