After UBS and Stephens gave CH Robinson (NASDAQ: CHRW) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Jason Seidl maintained a Buy rating on CH Robinson today and set a price target of $94.00. The company’s shares closed last Tuesday at $74.01.
According to TipRanks.com, Seidl is a 5-star analyst with an average return of 9.9% and a 62.1% success rate. Seidl covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Knight Transportation.
Currently, the analyst consensus on CH Robinson is a Hold with an average price target of $72.58, implying a -2.0% downside from current levels. In a report issued on April 17, Barclays also maintained a Buy rating on the stock with a $85.00 price target.
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The company has a one-year high of $91.24 and a one-year low of $56.94. Currently, CH Robinson has an average volume of 2.1M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHRW in relation to earlier this year.
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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 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.
