Evercore analyst Jonathan Chappell maintains $C.H. Robinson Worldwide (CHRW.US)$ with a buy rating, and adjusts the target price from $112 to $122.
According to TipRanks data, the analyst has a success rate of 68.7% and a total average return of 20.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $C.H. Robinson Worldwide (CHRW.US)$'s main analysts recently are as follows:
The operational enhancement efforts of C.H. Robinson are expected to contribute to earnings per share increases and share price appreciation. The company's commitment to utilizing technological solutions to augment gross margin, along with their efficiency initiatives, is anticipated to drive them closer to achieving a 40% operating margin within their NAST business segment. Margin improvements are projected into 2025, with expectations set for a 37.5% margin even under scenarios of modest cyclical improvement.
As we approach the third-quarter earnings season, the transportation sector may find some solace in the belief that the decline in crucial bottom-line drivers probably hasn't significantly affected the already conservative expectations, with minimal, albeit present, risk to the third-quarter EPS forecasts. On a less optimistic note, the fourth quarter, which usually shows stronger performance and where improvements are anticipated in estimates, is commencing on a weaker note, suggesting potential risks to the fourth-quarter projections according to the fundamental outlook.
Note:
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