Analyst Jason Seidl from TD Cowen reiterated a Hold rating on CH Robinson (CHRW – Research Report) and increased the price target to $112.00 from $111.00.
Jason Seidl has given his Hold rating due to a combination of factors impacting CH Robinson’s performance. The company surpassed expectations in its NAST segment, driven by strategic pricing and productivity enhancements, which compensated for weaker results in Global Forwarding. However, the lack of detailed guidance on future trends and the uncertain outlook for the second quarter contribute to a cautious stance, despite a promising start to the year.
CH Robinson’s first-quarter earnings per share exceeded forecasts, but the overall revenue was slightly below expectations. While the NAST segment showed resilience, the Global Forwarding segment faced significant challenges, including a notable drop in ocean bookings and impaired visibility due to trade uncertainties. Despite these challenges, the company is maintaining its productivity momentum and cost initiatives, which supports the Hold rating as the price target is adjusted to $112.
According to TipRanks, Seidl is a top 100 analyst with an average return of 18.9% and a 61.57% success rate. Seidl covers the Industrials sector, focusing on stocks such as Saia, TFI International, and XPO.