Jefferies has revised its price target for C.H. Robinson Worldwide, Inc. (CHRW, Financial), lowering it to $100 from a previous estimate of $110 while maintaining a Hold rating on the stock. This adjustment comes as the firm anticipates continued challenges in truckload demand and volume during the first quarter.
Despite the anticipated weaknesses, Jefferies highlights some positive trends. The firm notes that tender rejection rates and load-to-truck ratios have shown relative stability, suggesting that the supply-demand balance in the market is nearing equilibrium compared to the years 2023 and 2024.
Based on these observations, Jefferies expects an increase in spot rates in the coming months, indicating potential improvements in market conditions for C.H. Robinson. Investors are advised to consider these dynamics when evaluating the stock's prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for C.H. Robinson Worldwide Inc (CHRW, Financial) is $113.92 with a high estimate of $140.00 and a low estimate of $71.00. The average target implies an upside of 26.20% from the current price of $90.27. More detailed estimate data can be found on the C.H. Robinson Worldwide Inc (CHRW) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, C.H. Robinson Worldwide Inc's (CHRW, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for C.H. Robinson Worldwide Inc (CHRW, Financial) in one year is $80.48, suggesting a downside of 10.85% from the current price of $90.27. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the C.H. Robinson Worldwide Inc (CHRW) Summary page.
