UBS Maintains a 'Buy' on C.H. Robinson Worldwide (CHRW); Basically In-line Results, But Investor Sentiment Poor

UBS maintains a 'Buy' on C.H. Robinson Worldwide (NASDAQ: CHRW) price target lowered $1 to $81.

Analyst, Elizabeth Mielke, said, "CH's Q1 EPS of $0.65 hit consensus and fell one penny short of our $0.66 estimate...As long as CH posts EPS growth below its (reiterated) long-term goal of 15%, it seems not much can make the market happy. A couple quarters ago investors were displeased CH’s truck load volume growth was running below the industry growth rate. CH has reignited its market
share gains, with Q1 TL volume up 8% vs. 5% increase in the ATA Truck Tonnage Index, but now investors are focused on y/y compression in the net rev margin."

UBS lowers FY12 EPS estimate from $2.99 to $2.92 and FY13 from $3.46 to $3.41.

For an analyst ratings summary and ratings history on C.H. Robinson Worldwide click here. For more ratings news on C.H. Robinson Worldwide click here.

Shares of C.H. Robinson Worldwide closed at $65.83 yesterday.

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