Stifel Nicolaus analyst J. Bruce Chan reiterated a Buy rating on CH Robinson (NASDAQ: CHRW) yesterday and set a price target of $106. The company’s shares closed yesterday at $95.43, close to its 52-week high of $100.18.
According to TipRanks.com, Chan is a 2-star analyst with an average return of 6.3% and a 100.0% success rate. Chan covers the Services sector, focusing on stocks such as Echo Global Logistics, Landstar System Inc, and Universal Logistics.
Currently, the analyst consensus on CH Robinson is a Moderate Buy with an average price target of $99.22, representing a 4.0% upside. In a report issued on August 1, KeyBanc also reiterated a Buy rating on the stock with a $105 price target.
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CH Robinson’s market cap is currently $13.3B and has a P/E ratio of 23.45. The company has a Price to Book ratio of 8.96.
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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.
