BofA Securities analyst Ken Hoexter maintains $C.H. Robinson Worldwide (CHRW.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 53.3% and a total average return of 5.1% 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 perspective on transportation equities is that they might experience an upturn due to the anticipated reduction in U.S. corporate tax rates post the presidential election. This outlook, coupled with elevated market multiples and a more optimistic view regarding cyclically exposed U.S. industrial sectors, has led to an increase in price targets within this industry group.
The growing confidence in C.H. Robinson's ability to significantly advance their cost-reduction initiatives and enhance operational efficiencies is anticipated to drive expedited earnings growth as the business cycle turns. The downturn in freight has further served to sideline new tech-driven brokerage startups that were less prepared to sustain ongoing deficits for market expansion, resulting in potential gains for C.H. Robinson in market share and profit margins.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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