Wunderlich Securities Reiterates Hold Rating, $64 PT on C.H. Robinson Worldwide on Estimage Changes


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In a report published Wednesday, Wunderlich Securities reiterated its Hold rating and $64.00 price target on C.H. Robinson Worldwide (NASDAQ: CHRW).Wunderlich Securities noted, “C.H. Robinson (CHRW) reported 4Q12 results last night, and EPS of $0.68 came in light of the consensus of $0.70. Both gross and net revenue of $2.97 billion and $444.6 million, respectively, were ahead of Street expectations. This disconnect between top and bottom line was due to the contribution from recent deals, including two weeks from the divested T-Chek segment, two months from newly acquired Phoenix International, and a full quarter from Apreo Logistics. While these issues impacted revenue and EPS comparability, larger issues of margin compression and decelerating growth remain a major concern. Pending the communication of more clearly defined growth targets, we remain very comfortable with our Hold rating and $64 price target.”C.H. Robinson Worldwide closed on Tuesday at $67.01.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorReiterationAnalyst RatingsWunderlich Securities