A Pair Of Upgrades For C.H. Robinson

Analysts at RBC Capital and Goldman Sachs both upgraded C.H. Robinson Worldwide, Inc. CHRW. RBC raised C.H. Robinson’s rating from Underperform to Sector Perform and set an $80 price target. Goldman Sachs boosted their rating for C.H. Robinson from Sell to Neutral and raised their price target from $68.00 to $74.00. C.H. Robinson is a fright transportation and logistics service company.

The Numbers

C.H. Robinson’s last quarterly earnings report was a mixed bag for shareholders. Earnings per share of $0.85 slightly beat analysts’ expectations of $0.80, but revenue of $3.47 billion fell slightly short of the consensus estimate of $3.5 billion. Nevertheless, the quarterly revenue number still represented a 4.5 percent year-over-year improvement.

Insider Selling

In November 2014, Senior Vice President Chris O’Brien sold $140,212.00 of C.H.Robinson stock at a price of $70.11 per share.

Potential Upside

Despite the dual upgrades, C.H. Robinson stock traded down 1.3 percent Tuesday to $69.68. RBC’s $80 price target represents about a 14.1 percent upside for the stock from current levels. Goldman’s $74 price target represents a 5.6 percent upside.

Other Analyst Action

RBC and Goldman Sachs analysts are not the only ones to weigh in on C.H. Robinson lately. On December 22, Zacks Research Group reiterated a Neutral rating on the company and set a price target of $80.