Morgan Stanley (NYSE:MS) analyst Ravi Shanker maintained a Sell rating on CH Robinson (NASDAQ:CHRW) on Wednesday, setting a price target of $54, which is approximately 40.98% below the present share price of $91.5.
Shanker expects CH Robinson to post earnings per share (EPS) of $1.01 for the first quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Hold rating of shares in CH Robinson, with an average price target of $93.3.
The analysts price targets range from a high of $120 to a low of $54.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $4.22 billion and a net profit of $168.24 million. The company's market cap is $12.76 billion.
According to TipRanks.com, Morgan Stanley analyst Ravi Shanker is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.3% and a 54.25% success rate.
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.