CH Robinson (CHRW) Receives a Sell from Wells Fargo


Wells Fargo analyst Allison Poliniak maintained a Sell rating on CH Robinson (CHRW) on April 27 and set a price target of $95.00. The company’s shares closed last Thursday at $98.02.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 22.9% and a 73.3% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian National Railway, and Expeditors International.

The word on The Street in general, suggests a Hold analyst consensus rating for CH Robinson with a $99.00 average price target, representing a 0.1% upside. In a report issued on April 28, Credit Suisse also maintained a Sell rating on the stock with a $93.00 price target.

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The company has a one-year high of $106.75 and a one-year low of $69.85. Currently, CH Robinson has an average volume of 1.05M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHRW in relation to earlier this year.

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 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.

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