UBS analyst Thomas Wadewitz upgrades $C.H. Robinson Worldwide (CHRW.US)$ to a buy rating, and adjusts the target price from $100 to $140.
According to TipRanks data, the analyst has a success rate of 51.7% and a total average return of 6.8% 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:
Initiatives to improve operations at C.H. Robinson are anticipated to contribute to earnings per share gains and share price appreciation. The company's adoption of technological tools is expected to aid in the expansion of gross margins, while productivity initiatives are likely to facilitate the company's advance towards a 40% operating margin in its NAST segment. A steady march towards margin enhancement is projected for 2025, with expectations set at a 37.5% margin even under the assumption of only slight cyclical improvements.
As we approach the third-quarter earnings season, the transportation sector may perceive the gradual decline in key profit-driving factors as relatively benign, aligning with the current modest expectations. There might be minimal, yet present, threats to the third-quarter earnings per share predictions. On the flip side, the usually robust fourth quarter is commencing on a weaker note, and the underlying economic indicators suggest potential jeopardy to the fourth-quarter forecasts.
Note:
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