Oppenheimer Sticks to Its Hold Rating for CH Robinson


In a report issued on May 17, Scott Schneeberger from Oppenheimer maintained a Hold rating on CH Robinson (NASDAQ: CHRW). The company’s shares opened today at $88.77.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 13.5% and a 69.8% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, Landstar System Inc, and General Finance.

Currently, the analyst consensus on CH Robinson is Hold and the average price target is $95.29, representing a 7.3% upside.

In a report issued on May 4, Stephens also downgraded the stock to Hold with a $89 price target.

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Based on CH Robinson’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $142 million. In comparison, last year the company had a net profit of $122 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Ben Campbell, the Chief Legal Officer of CHRW sold 15,006 shares for a total of $1,408,313.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

C.H. Robinson Worldwide, Inc. engages in the provision of freight transportation services and logistics solutions. It operates through the following business segments: North American Surface Transportation, Global Forwarding and Robinson Fresh. The North American Surface Transportation segment provides freight transportation services across North America.

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