Recently, C.H. Robinson Worldwide, Inc. (Symbol: CHRW) shares have surpassed the average 12-month target price set by analysts, currently trading at $111.66 per share. When a stock reaches its target, analysts typically choose between two paths: downgrading due to valuation or raising their target price. Reactions often vary based on the company’s business performance, leading investors to question whether it’s time to revise their expectations higher.
Within the Zacks coverage universe, there are 21 analysts with targets contributing to C.H. Robinson’s average price. However, this average doesn’t reflect the full picture. One analyst has set a low target of $65.00, while another projects a high of $140.00. The standard deviation among these targets stands at $16.679, illustrating the differing perspectives on CHRW’s future value.
Understanding the average price target allows investors to use the “wisdom of crowds,” gaining insight from multiple analysts rather than relying on just one opinion. With CHRW trading above the average target price of $109.28 per share, investors face a crucial decision: is this price a stepping stone toward increased targets or an indicator that it’s time to pull back some investments? Below is a table summarizing current analyst ratings for C.H. Robinson Worldwide, Inc.:
| Recent CHRW Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 6 | 5 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 14 | 16 | 16 | 16 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 2 | 2 |
| Average rating: | 2.53 | 2.64 | 2.71 | 2.71 |
The average rating, which ranges from 1 (Strong Buy) to 5 (Strong Sell), reflects the collective opinions of the analysts featured in this report. Data was sourced from Zacks Investment Research via Quandl.com.
Explore the Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
• Teleflex Incorporated Technical Analysis
• MGNX YTD Return
• NGA market cap history
The views expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
