FBR Capital Upgrades C.H. Robinson Worldwide (CHRW) to Market Perform
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Price: $70.18 -1.07%
Rating Summary:
4 Buy, 23 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
4 Buy, 23 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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FBR Capital upgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from Underperform to Market Perform with a price target of $52.00.
Analyst John R. Mims comments, "Given the rapid rise in truckload spot market volumes and pricing in 1Q14, we believe that we may finally be on the cusp of the proverbial "tipping point" for the brokerage industry."
He added, "The jump in spot pricing will likely drive net revenue margin compression across the industry, but we believe net revenue growth, borne by increased revenue per load and sell-rate pricing power, will be strong enough to drive stronger-than-expected results. In the current environment, we strongly favor brokers with a greater transactional (versus contractual) revenue base, as this allows for the greatest pricing flow-through in a volatile market."
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 $50.89 yesterday.
Analyst John R. Mims comments, "Given the rapid rise in truckload spot market volumes and pricing in 1Q14, we believe that we may finally be on the cusp of the proverbial "tipping point" for the brokerage industry."
He added, "The jump in spot pricing will likely drive net revenue margin compression across the industry, but we believe net revenue growth, borne by increased revenue per load and sell-rate pricing power, will be strong enough to drive stronger-than-expected results. In the current environment, we strongly favor brokers with a greater transactional (versus contractual) revenue base, as this allows for the greatest pricing flow-through in a volatile market."
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 $50.89 yesterday.
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