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Analysts Offer Insights on Industrial Goods Companies: CH Robinson (CHRW) and Nextier Oilfield Solutions (NEX)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on CH Robinson (CHRWResearch Report) and Nextier Oilfield Solutions (NEXResearch Report) with bullish sentiments.

CH Robinson (CHRW)

Stifel Nicolaus analyst J. Bruce Chan maintained a Buy rating on CH Robinson on April 29 and set a price target of $117.00. The company’s shares closed last Monday at $108.30, close to its 52-week high of $112.15.

According to TipRanks.com, Chan is a 2-star analyst with an average return of -0.5% and a 47.4% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Old Dominion Freight, Yellow Corporation, and Landstar System.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CH Robinson with a $108.76 average price target, representing a 3.2% upside. In a report issued on April 28, Citigroup also maintained a Buy rating on the stock with a $120.00 price target.

See the top stocks recommended by analysts >>

Nextier Oilfield Solutions (NEX)

Stifel Nicolaus analyst Stephen Gengaro maintained a Buy rating on Nextier Oilfield Solutions on April 29 and set a price target of $14.00. The company’s shares closed last Monday at $11.04, close to its 52-week high of $11.83.

According to TipRanks.com, Gengaro is a 4-star analyst with an average return of 11.9% and a 48.1% success rate. Gengaro covers the Industrial Goods sector, focusing on stocks such as Solaris Oilfield Infrastructure, Liberty Oilfield Services, and Energy Vault Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nextier Oilfield Solutions with a $12.73 average price target, a 15.6% upside from current levels. In a report issued on April 29, Evercore ISI also assigned a Buy rating to the stock with a $14.00 price target.

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