Short Term Rating on C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : The consensus on C.H. Robinson Worldwide (CHRW) based on 20 analyst recommendation on the company stock is 2.62, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on C.H. Robinson Worldwide (CHRW).

C.H. Robinson Worldwide (CHRW) : The highest level C.H. Robinson Worldwide (CHRW) is projected to reach is $85 for the short term and the lowest estimate is at $65. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $75.29 and the possibility the share price can swing is $5.99.

Company shares have received an average consensus rating of Hold for the current week


C.H. Robinson Worldwide (NASDAQ:CHRW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.88 and $71.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.45, notching a gain of 0.82% for the day. The total traded volume was 1,362,448 . The stock had closed at $71.86 on the previous day.

C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.

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