C.H. Robinson Worldwide Poised to Deliver on Growth Plan, UBS Says

MT Newswires Live
2024/12/14

C.H. Robinson Worldwide (CHRW) is poised to deliver on its growth strategy that was presented at its analyst meeting, which includes a focus on regaining small and medium-sized businesses, UBS said Friday in a note.

"We agree with the CHRW strategy and believe their focus on leveraging digital capabilities, firming up customer relationships, and utilizing their broad scale and scope can support improving revenue growth looking forward," the investment firm said.

The logistics company presented a "clear and concise" roadmap for expansion during its recent analyst meeting - its first since 2017 - which includes a key target of delivering incremental EBIT of $350 million to $450 million in 2026 off a 2023 base, according to UBS.

The investment firm said the EBIT target is in line with its 2026 earnings per share forecast of $6.10, which is about 14% above consensus. UBS projects EPS of $4.48 for 2024 and $5 for 2025.

UBS has a buy rating on the stock and a $140 price target.

Price: 112.22, Change: -1.84, Percent Change: -1.61

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