UBS Maintains a 'Buy' on C.H. Robinson Worldwide (CHRW); Back on a Robust EPS Trajectory

UBS maintains a 'Buy' on C.H. Robinson Worldwide (NASDAQ: CHRW), raises PT to $89.

UBS analyst says, "CHRW at 28.5x forward P/E, we think the modest EPS beat should be good enough to support the stock. However, more important to valuation in our view is that the company appears to have solidly resumed its trajectory of 15%-plus annual EPS growth. After three years of falling below this longer-term growth target, we expect CH to deliver in 2011 and beyond, which should support a mid- to high-20s P/E valuation."

For more ratings news on C.H. Robinson Worldwide click here and for the rating history of C.H. Robinson Worldwide click here.

Shares of C.H. Robinson Worldwide closed at $79.24 yesterday.

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