Bank of America Securities Remains a Buy on CH Robinson (CHRW)
In a report released today, Ken Hoexter from Bank of America Securities reiterated a Buy rating on CH Robinson, with a price target of $226.00.
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Hoexter covers the Industrials sector, focusing on stocks such as CSX, FedEx, and XPO. According to TipRanks, Hoexter has an average return of 1.6% and a 48.90% success rate on recommended stocks.
In addition to Bank of America Securities, CH Robinson also received a Buy from J.P. Morgan’s Brian Ossenbeck in a report issued today. However, on the same day, TD Cowen assigned a Hold rating to CH Robinson (NASDAQ: CHRW).
Based on CH Robinson’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.01 billion and a net profit of $147.23 million. In comparison, last year the company earned a revenue of $4.05 billion and had a net profit of $135.3 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHRW in relation to earlier this year.
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