J.P. Morgan analyst Brian Ossenbeck maintained a Buy rating on CH Robinson (CHRW – Research Report) on October 12 and set a price target of $116.00. The company’s shares closed yesterday at $94.89.
According to TipRanks, Ossenbeck is a 4-star analyst with an average return of 7.1% and a 44.24% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as FedEx, United Parcel, and TFI International.
The word on The Street in general, suggests a Hold analyst consensus rating for CH Robinson with a $106.33 average price target, a 12.06% upside from current levels. In a report released on September 30, Bank of America Securities also maintained a Buy rating on the stock with a $112.00 price target.
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The company has a one-year high of $120.64 and a one-year low of $85.26. Currently, CH Robinson has an average volume of 1.27M.
Based on the recent corporate insider activity of 71 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.
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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.
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