On Oct 31, major Wall Street analysts update their ratings for $C.H. Robinson Worldwide (CHRW.US)$, with price targets ranging from $65 to $125.
Morgan Stanley analyst Ravi Shanker maintains with a sell rating, and maintains the target price at $65.
BofA Securities analyst Ken Hoexter maintains with a buy rating, and adjusts the target price from $111 to $125.
Barclays analyst Brandon Oglenski maintains with a sell rating, and adjusts the target price from $75 to $85.
Wells Fargo analyst Christian Wetherbee maintains with a hold rating, and adjusts the target price from $106 to $118.
TD Cowen analyst Jason Seidl maintains with a hold rating, and adjusts the target price from $103 to $113.
Furthermore, according to the comprehensive report, the opinions of $C.H. Robinson Worldwide (CHRW.US)$'s main analysts recently are as follows:
The company showcased another robust quarter with effective cost management and significant growth in ocean freight forwarding, leading to a substantial beat in Q3. It is anticipated that management will present more ambitious long-term productivity goals at the forthcoming analyst meeting.
C.H. Robinson has exhibited stronger than anticipated performance in its third-quarter results. This improvement was primarily driven by a temporary increase in its Forwarding business. Moreover, the company is demonstrating considerable advancement in its new operating model. Notably, the core NAST business has also performed marginally better than expected, even amidst challenging economic conditions.
C.H. Robinson's revenue matched expectations, although organic growth was lighter, and margins fell short of forecasts for both the quarter and future guidance. While logistics are improving as anticipated, ongoing weaknesses in other areas are tempering overall growth.
Here are the latest investment ratings and price targets for $C.H. Robinson Worldwide (CHRW.US)$ from 7 analysts:
Note:
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