What Analysts Are Saying About C.H. Robinson Worldwide Stock
Portfolio Pulse from Benzinga Insights
C.H. Robinson Worldwide (NASDAQ:CHRW) has been analyzed by 4 analysts, showing a consensus towards a bearish stance with 3 'Somewhat Bearish' and 1 'Indifferent' ratings. The average 12-month price target is $74.00, down from the previous $76.00. Analysts from JP Morgan, Susquehanna, Morgan Stanley, and Stifel have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Despite a -27.83% decline in revenue growth for the quarter ending September 30, 2023, CHRW maintains strong profitability indicators such as a net margin of 1.89%, ROE of 5.87%, and ROA of 1.53%, with a low debt-to-equity ratio of 1.39.
January 10, 2024 | 2:01 pm
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Analysts have a bearish view on C.H. Robinson Worldwide with a reduced average price target of $74.00. The company's financial health remains strong with high profitability margins and low debt, despite a significant revenue decline.
The bearish sentiment from analysts, indicated by the reduction in price targets and the predominance of 'Somewhat Bearish' ratings, suggests a negative short-term impact on CHRW's stock price. However, the company's strong profitability and low debt levels may mitigate some of the negative sentiment. The importance is high due to the direct correlation between analyst ratings and stock performance, but not at the maximum because the ratings are mixed and the company's financials show strength. The confidence level is high as the analysis is based on recent and specific analyst actions and company financials.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100