Barclays analyst Brandon Oglenski maintains $C.H. Robinson Worldwide (CHRW.US)$ with a sell rating, and adjusts the target price from $85 to $95.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $C.H. Robinson Worldwide (CHRW.US)$'s main analysts recently are as follows:
Transportation equities may stand to gain from reduced corporate tax rates in the U.S. after the presidential election. With the market assigning higher multiples and a more favorable outlook towards cyclically exposed U.S. industrials, target prices in the sector have been revised upwards.
The growing confidence in C.H. Robinson's potential to achieve significant advancements in cost reduction and operational efficiency could lead to hastened growth in earnings as the economic cycle turns. The downturn in freight has also sidelined emerging tech-driven brokerage startups reluctant to sustain losses for market share acquisition, potentially benefiting C.H. Robinson concerning market share and profit margins.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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