Stock of the Day

January 30, 2023

C.H. Robinson Worldwide (CHRW)

$193.50
+$0.74 (+0.4%)
Market Cap: $22.72B

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services. It also provides customs brokerage services; and other logistics services, such as fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 45,000 transportation companies, including motor carriers, railroads, and ocean and air carriers. In addition, the company is involved in the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items under the Robinson Fresh brand name. Further, the company offers transportation management services or managed TMS; and other surface transportation services. It provides its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. The company was founded in 1905 and is headquartered in Eden Prairie, Minnesota.

Today's Trend

C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) — today's action reflects mixed Q1 results and a wave of analyst price-target raises. Below are the investor-relevant items driving the share move.

  • Multiple brokerages raised targets/ratings for CHRW (Stifel raised to $207 and assigned a Buy; Wells Fargo raised to $215 and kept an Overweight; JPMorgan raised to $196 and moved to Overweight; TD Cowen to $196). These upgrades signal continued analyst confidence in CHRW’s longer-term earnings power. Price Target Raises Wells Fargo Note
  • CHRW beat on EPS (reported $1.35 vs. ~$1.25 consensus) and showed year‑over‑year EPS improvement — a bullish datapoint for profitability and margin recovery. Earnings Beat
  • Zacks and other outlets published constructive write-ups on CHRW’s growth characteristics and key metrics, useful for investors assessing style/quality scores but not immediate catalysts. Zacks Growth Piece
  • Q1 supplemental materials and the earnings‑call transcript are available for detail into guidance, segment trends and margins — important for modeling but not single-day drivers. Earnings Call Transcript Presentation
  • Top-line weakness: Q1 revenue slightly missed estimates (sales below analyst estimates), driven by lower ocean and truckload volumes and weaker ocean pricing — a revenue softness that can pressure near‑term multiples despite the EPS beat. Revenue Miss

Bottom line for investors: analysts are raising targets and EPS outperformed, but the revenue/volume softness and ocean pricing pressure are the likely reasons shares are trading lower today as the market focuses on near‑term demand trends even while pricing CHRW’s longer‑term earnings potential more optimistically.

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