A Pair Of Upgrades For C.H. Robinson
Analysts at RBC Capital and Goldman Sachs both upgraded C.H. Robinson Worldwide, Inc. (NASDAQ: 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 freight transportation and logistics service company.
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.
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.
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.
Latest Ratings for CHRW
|Nov 2016||Stifel Nicolaus||Downgrades||Buy||Hold|
|Nov 2016||Deutsche Bank||Initiates Coverage On||Hold|
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