U.S. stocks edge higher; solid earnings season continues
Investing.com - UBS lowered its price target on C.H. Robinson Worldwide (NASDAQ:CHRW) to $129.00 from $130.00 on Thursday, while maintaining a Buy rating on the logistics company’s stock. The $11.7 billion market cap company, which boasts a solid 2.5% dividend yield, currently trades at $98.4. According to InvestingPro data, the company maintains a GOOD financial health score.
The price target reduction reflects UBS’s decreased second-quarter earnings expectations for C.H. Robinson, with estimates now at $1.15 per share, down from the previous $1.20 forecast and below the consensus estimate of $1.18.
The adjustment stems entirely from reduced assumptions for C.H. Robinson’s forwarding gross revenue and operating margins, which lowered UBS’s forwarding EBIT projection from $40 million to $33 million for the quarter.
UBS anticipates broader analyst estimates will likely decrease ahead of C.H. Robinson’s second-quarter earnings report as weakness in ocean activity during the period becomes more widely recognized in financial models.
Despite the near-term adjustment, UBS remains positive on C.H. Robinson, citing improving execution at the company and expectations for an upcoming cyclical upturn in the truckload market.
In other recent news, C.H. Robinson Worldwide has reported several key developments. The company announced a regular quarterly cash dividend of $0.62 per share, continuing its long-standing tradition of consistent dividend payments. Wolfe Research upgraded C.H. Robinson’s stock rating from Peerperform to Outperform, citing an attractive outlook for 2026, despite potential short-term earnings risks. Meanwhile, Raymond (NSE:RYMD) James maintained an Outperform rating with a $114 price target, highlighting the company’s strategic focus and improvements under its current leadership. On the other hand, BMO Capital Markets adjusted its price target for C.H. Robinson to $105 from $113, following mixed results in recent earnings, with strong performance in North American Surface Transportation offsetting challenges in the Forwarding segment. Evercore ISI also revised its price target to $110 from $119 but maintained an Outperform rating, noting robust earnings in the first quarter of 2025 due to corporate efficiencies. Despite short-term challenges, Evercore ISI anticipates significant growth in the coming year, assuming a rebound in the freight market. These developments reflect a dynamic period for C.H. Robinson as it navigates both company-specific strengths and broader economic factors.
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