Robert W. Baird analyst Garrett Holland maintained a Hold rating on CH Robinson (CHRW – Research Report) on April 5 and set a price target of $105.00. The company’s shares closed last Wednesday at $99.73.
According to TipRanks.com, Holland is a 3-star analyst with an average return of 2.4% and a 50.8% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.
Currently, the analyst consensus on CH Robinson is a Moderate Buy with an average price target of $108.12.
Based on CH Robinson’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.5 billion and net profit of $230 million. In comparison, last year the company earned revenue of $4.55 billion and had a net profit of $148 million.
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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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