Market Overview

UPDATE: Citigroup Reiterates on C.H. Robinson Worldwide Following Investor Meeting

Share:
Related CHRW
Earnings Scheduled For January 31, 2017
10 Stocks That Rallied Four Days, Then Sold Off Yesterday

In a report published Wednesday, Citigroup analyst Christian Wetherbee reiterated a Neutral rating on C.H. Robinson Worldwide (NASDAQ: CHRW), but lowered the price target from $60.00 to $57.00.

In the report, Citigroup noted, β€œCH Robinson hosted its first investor meeting in 13 years Tuesday and we came away struck that management did not answer arguably the most important question facing them. It assumes that net revenue margins will stabilize over the 3-5 year projected period, but did not provide a reason why other than a look at previous cycles. While we do not necessarily believe it's possible for management to accurately predict, we would prefer to have heard a more compelling argument, and believe skepticism about growth targets may persist as a result. That said, we believe the company is trying to grow in a challenging market and the lowered guidance is more achievable in an environment of continued margin pressure. We continue to expect multiple compression to play out slowly, which coupled with a modest reacceleration of earnings growth post-2013 yields a largely neutral outlook.”

C.H. Robinson Worldwide closed on Tuesday at $58.53.

Latest Ratings for CHRW

DateFirmActionFromTo
Nov 2016KeyBancMaintainsOverweight
Nov 2016Stifel NicolausDowngradesBuyHold
Nov 2016Deutsche BankInitiates Coverage OnHold

View More Analyst Ratings for CHRW
View the Latest Analyst Ratings

Posted-In: Christian Wetherbee CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (CHRW)

View Comments and Join the Discussion!