In a report released today, Allison Poliniak from Wells Fargo maintained a Sell rating on CH Robinson (CHRW – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $85.99.
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In addition to Wells Fargo, CH Robinson also received a Sell from J.P. Morgan’s Brian Ossenbeck in a report issued yesterday. However, on October 4, Barclays maintained a Hold rating on CH Robinson (NASDAQ: CHRW).
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Based on CH Robinson’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.08 billion and a net profit of $97.32 million. In comparison, last year the company earned a revenue of $6.47 billion and had a net profit of $348.19 million
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CH Robinson (CHRW) Company Description:
C.H. Robinson Worldwide, Inc. engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The Global Forwarding segment provides global logistics services through an international network of offices in North America, Europe, Asia, Australia, New Zealand, and South America. The company was founded by Charles Henry Robinson in 1905 and is headquartered in Eden Prairie, MN.
Read More on CHRW:
- C.H. Robinson price target lowered to $87 from $92 at BofA
- C.H. Robinson price target lowered to $85 from $95 at Barclays
- C.H. Robinson price target lowered to $70 from $77 at Susquehanna
- C.H. Robinson price target lowered to $86 from $95 at Evercore ISI
- C.H. Robinson price target lowered to $100 from $108 at Benchmark
