Deutsche Bank Downgrades C.H. Robinson Worldwide (CHRW) to Hold; Short Peak Season Is Now Hitting The Ports
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Price: $148.57 -0.52%
Rating Summary:
22 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from Buy to Hold.
Deutsche analyst says, "We have downgraded shares of CHRW to Hold as we currently see a more compelling risk/reward in shares of other transportation stocks. Shares of CHRW have declined 9.0% since July 1, 2011 (vs. the S&P 500 which has fallen 10.8% during this time). Given the stock’s downside volatility to earnings misses, we do not believe investors are being fully compensated for downside risk given the 2% upside potential to our target price from current levels (versus 19% upside potential across our transportation coverage universe)."
"Heading into Q3 2011 earnings, we are cautious about CHRW’s ability to meet Consensus expectations (DB estimate of $0.69 vs. Consensus of $0.70) given a weaker freight environment than Q2 2011 (July was weak, but volumes built in late August and September) and rising transportation costs."
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 $73.35 yesterday.
Deutsche analyst says, "We have downgraded shares of CHRW to Hold as we currently see a more compelling risk/reward in shares of other transportation stocks. Shares of CHRW have declined 9.0% since July 1, 2011 (vs. the S&P 500 which has fallen 10.8% during this time). Given the stock’s downside volatility to earnings misses, we do not believe investors are being fully compensated for downside risk given the 2% upside potential to our target price from current levels (versus 19% upside potential across our transportation coverage universe)."
"Heading into Q3 2011 earnings, we are cautious about CHRW’s ability to meet Consensus expectations (DB estimate of $0.69 vs. Consensus of $0.70) given a weaker freight environment than Q2 2011 (July was weak, but volumes built in late August and September) and rising transportation costs."
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 $73.35 yesterday.
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