Read How Analysts Reacted To CH Robinson Worldwide's Q4 Results

Loading...
Loading...
  • KeyBanc analyst Todd Fowler lowered CH Robinson Worldwide Inc's CHRW price target to $125 (an upside of 38%) from $135 and maintained an Overweight rating on the shares.
  • While gross profit margins lagged his expectations, the analyst continues to anticipate margin improvement throughout 2022 as contract rates reset.
  • Fowler is "encouraged" by net operating margin expansion commentary, implying faster adjusted gross profit growth, despite higher than expected operating expense guidance.
  • Related: CH Robinson Worldwide Stock Plunges After Q4 EPS Miss
  • Citi analyst Christian Wetherbee lowered the price target to $108 from $125 and kept a Buy rating on the shares.
  • There is no question that cost inflation is having a negative impact on the business, states Wetherbee.
  • Stifel analyst J. Bruce Chan upgraded C.H. Robinson Worldwide to Buy from Hold and raised the price target to $106 (an upside of 17%) from $102.
  • Morgan Stanley lowered the price target to $62 (a downside of 31%) from $65 and maintained an Underweight rating on the shares.
  • Yesterday, the company reported fourth quarter results, with EPS missing the consensus, while revenue exceeding estimates.
  • The company held $257.4 million in cash and equivalents as of December 31, 2021. Cash flow from operations decreased 81% to $95 million for FY21.
  • Price Action: CHRW shares are trading lower by 2.34% at $90.37 on the last check Thursday.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetReiterationAnalyst RatingsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...