C.H. Robinson Worldwide Bolsa (NASDAQ: CHRW)

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C.H. Robinson Worldwide

C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 61% of net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm operates a large air and ocean forwarding division (27%), which has grown organically and via tuck-in acquisitions over the years. The remainder of revenue consists of the European truck-brokerage division, transportation management services, and a legacy produce-sourcing operation.

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C.H. Robinson Worldwide, Inc. - Common Stock

C.H. Robinson Worldwide Inc

WIIM

C.H. Robinson shares are trading lower following Q3 earnings.

Barclays analyst Brandon Oglenski maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Underweight and raises the price target from $75 to $85.

Price Target

Analyst Ratings

Barclays Maintains Underweight on C.H. Robinson Worldwide, Raises Price Target to $85

C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) reported better-than-expected earnings for the <a href="https://www.benzinga.com/quote/CHRW/earnings">third quarter on Wednesday.</a>
The company posted quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.15 per share. The company reported quarterly sales of $4.645 billion which beat the analyst consensus estimate of $4.527 billion.
&#8220;I&#8217;m pleased with our third quarter results that reflect continued improvement in our execution, as we continue to deploy our new operating model. We are raising the bar, even in a historically prolonged freight recession, with strong execution and disciplined volume growth across divisions while delivering exceptional service for our customers and carriers,&#8221; said C.H. Robinson&#8217;s President and Chief Executive Officer, Dave Bozeman. &#8220;I want to thank our people, one of our greatest competitive advantages, for their relentless efforts to embrace our new operating model and execute in a fit, fast and focused way so we can keep pushing that bar higher.&#8221;
C.H. Robinson shares fell 5.9% to trade at $103.18 on Thursday.
These analysts made changes to their price targets on C.H. Robinson following earnings announcement.
<ul>
<li>BMO Capital analyst Fadi Chamoun maintained C.H. Robinson Worldwide with a Market Perform and raised the price target from $92 to $115.</li>
<li>TD Cowen analyst Jason Seidl maintained the stock with a Hold and raised the price target from $103 to $113.</li>
</ul>
Considering buying CHRW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31121001/image-330-1024x544.png" alt="" class="wp-image-624332" style="width:649px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31121001/image-330-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31121001/image-330-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31121001/image-330-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31121001/image-330.png 1198w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/24/10/41652163/jim-cramer-this-financial-stock-is-one-of-the-most-consistent-great-companies">Jim Cramer: This Financial Stock Is &#8216;One Of The Most Consistent, Great Companies&#8217;</a></li>
</ul>

Earnings

C.H. Robinson Analysts Increase Their Forecasts After Q3 Results

TD Cowen analyst Jason Seidl maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Hold and raises the price target from $103 to $113.

TD Cowen Maintains Hold on C.H. Robinson Worldwide, Raises Price Target to $113

C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated C.H. Robinson Worldwide and provided 12-month price targets. The average target is $118.17, accompanied by a high estimate of $140.00 and a low estimate of $97.00. This upward trend is apparent, with the current average reflecting a 20.83% increase from the previous average price target of $97.80.
<img src="https://www.benzinga.com/files/images/story/2024/1730386949_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of C.H. Robinson Worldwide by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Fadi Chamoun</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$115.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Jordan Alliger</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$97.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Ariel Rosa</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Neutral</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Thomas Wadewitz</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Jonathan Chappell</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$122.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$95.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to C.H. Robinson Worldwide. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of C.H. Robinson Worldwide compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into C.H. Robinson Worldwide's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CHRW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on C.H. Robinson Worldwide analyst ratings.</a>
<h2>Unveiling the Story Behind C.H. Robinson Worldwide</h2>
C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 61% of net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm operates a large air and ocean forwarding division (27%), which has grown organically and via tuck-in acquisitions over the years. The remainder of revenue consists of the European truck-brokerage division, transportation management services, and a legacy produce-sourcing operation.
<h3>C.H. Robinson Worldwide: Delving into Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, C.H. Robinson Worldwide showcased positive performance, achieving a revenue growth rate of 1.39% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: C.H. Robinson Worldwide's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): C.H. Robinson Worldwide's ROE excels beyond industry benchmarks, reaching 8.59%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.3%, the company showcases effective utilization of assets.
Debt Management: C.H. Robinson Worldwide's debt-to-equity ratio is below the industry average at 1.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

6 Analysts Have This To Say About C.H. Robinson Worldwide

BMO Capital analyst Fadi Chamoun maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Market Perform and raises the price target from $92 to $115.

BMO Capital Maintains Market Perform on C.H. Robinson Worldwide, Raises Price Target to $115

C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.15 by 11.3 percent. The company reported quarterly sales of $4.645 billion which beat the analyst consensus estimate of $4.527 billion by 2.61 percent. This is a 6.99 percent increase over sales of $4.341 billion the same period last year.

Earnings Beats

C.H. Robinson Worldwide Q3 2024 Adj. EPS $1.28 Beats $1.15 Estimate, Sales $4.645B Beat $4.527B Estimate

Goldman Sachs analyst Jordan Alliger maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Neutral and raises the price target from $90 to $97.

Goldman Sachs Maintains Neutral on C.H. Robinson Worldwide, Raises Price Target to $97

Citigroup analyst Ariel Rosa initiates coverage on C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Neutral rating and announces Price Target of $115.

Initiation

Citigroup Initiates Coverage On C.H. Robinson Worldwide with Neutral Rating, Announces Price Target of $115

UBS analyst Thomas Wadewitz upgrades C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) from Neutral to Buy and raises the price target from $100 to $140.

Upgrades

UBS Upgrades C.H. Robinson Worldwide to Buy, Raises Price Target to $140

Evercore ISI Group analyst Jonathan Chappell maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Outperform and raises the price target from $112 to $122.

Evercore ISI Group Maintains Outperform on C.H. Robinson Worldwide, Raises Price Target to $122

United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) is benefiting from upbeat air travel demand. UAL&#39;s proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company&#39;s prospects.
<h3>Factors Favoring UAL</h3>
United Airlines&#39; commitment to sustainability is commendable. The airline aims to achieve net-zero greenhouse gas emissions by 2050 and has purchased more sustainable fuel than any other U.S. airline in 2023.
In September, UAL and the San Francisco 49ers (American football team) announced that the team has become the first in the National Football League to purchase sustainable aviation fuel (SAF). An alternative to conventional jet fuel, SAF can bring down greenhouse gas emissions by up to 85% over its entire lifecycle, from production to end-use.
UAL&#39;s top line is benefiting from buoyant air travel demand. In the second quarter of 2024, United Airlines saw a 5.5% increase in Revenue Passenger Miles and an 8.3% rise in capacity, measured by Available Seat Miles. The company anticipates this positive trend will continue, with management projecting third-quarter earnings per share in the range of $2.75-$3.25. For the full year, UAL expects EPS to fall between $9 and $11.
United Airlines&#39; proactive efforts to enhance its connectivity and meet the growing demand for travel is encouraging. The airline introduced 12 new domestic routes connecting major cities across the United States and Canada. It announced nearly 200 new flights to Milwaukee and Chicago. This expansion not only benefits travelers but also strengthens United Airlines&#39; position in the competitive aviation market.
Shares of UAL have rallied 20.5% in the past year compared with its&nbsp;<a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">industry</a>&#39;s growth of 17.4% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/16/79653.jpg?v=315210470" style="height:314px; width:624px" /> 
Image Source: Zacks Investment Research
<h3>UAL: Key Risks To Watch</h3>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, driven by increased labor costs and fuel expenses. In the second quarter of 2024, operating expenses surged by 3.1% year over year.
Labor costs, comprising salaries and benefits, which represent 31.4% of total operating costs, increased by 10.5% year over year. Aircraft fuel expenses rose by 11.1% year over year, pushing up the total operating costs.
United Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.77. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
<h3>Zacks Rank</h3>
UAL currently carries a Zacks Rank #3 (Hold).
<h3>Stocks&nbsp;To Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks <a href="https://www.zacks.com/stocks/industry-rank/sector/transportation-15">Transportation</a> sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>. &nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 26.5% in the past year. 
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 73.2% in the past year.
<a href="https://www.zacks.com/stock/news/2343259/here-s-why-investors-should-retain-united-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2343259">To read this article on Zacks.com click here.</a>

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Here's Why Investors Should Retain United Airlines Stock Now

Across the recent three months, 13 analysts have shared their insights on C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $98.85, a high estimate of $120.00, and a low estimate of $75.00. Witnessing a positive shift, the current average has risen by 16.09% from the previous average price target of $85.15.
<img src="https://www.benzinga.com/files/images/story/2024/1727359285_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of C.H. Robinson Worldwide by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Jason Seidl</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$103.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Thomas Wadewitz</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Christopher Kuhn</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$110.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Fadi Chamoun</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$92.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Christian Wetherbee</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$106.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Brian Ossenbeck</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$110.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Garrett Holland</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$99.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Brian Ossenbeck</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$87.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Garrett Holland</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$80.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to C.H. Robinson Worldwide. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of C.H. Robinson Worldwide compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for C.H. Robinson Worldwide's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into C.H. Robinson Worldwide's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CHRW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on C.H. Robinson Worldwide analyst ratings.</a>
<h2>Get to Know C.H. Robinson Worldwide Better</h2>
C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 61% of net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm operates a large air and ocean forwarding division (27%), which has grown organically and via tuck-in acquisitions over the years. The remainder of revenue consists of the European truck-brokerage division, transportation management services, and a legacy produce-sourcing operation.
<h3>Financial Milestones: C.H. Robinson Worldwide's Journey</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, C.H. Robinson Worldwide showcased positive performance, achieving a revenue growth rate of 1.39% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: C.H. Robinson Worldwide's net margin excels beyond industry benchmarks, reaching 2.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): C.H. Robinson Worldwide's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.59% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): C.H. Robinson Worldwide's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.3%, the company showcases efficient use of assets and strong financial health.
Debt Management: C.H. Robinson Worldwide's debt-to-equity ratio is below the industry average at 1.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From C.H. Robinson Worldwide Analyst Ratings

Susquehanna analyst Bascome Majors maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Neutral and raises the price target from $95 to $120.

Susquehanna Maintains Neutral on C.H. Robinson Worldwide, Raises Price Target to $120

Copa Holdings&#39; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>) top line benefits from the increased air-travel demand. The company&#39;s proactive measures to expand its fleet are praiseworthy. However, CPA&#39;s financial stability, challenged by escalated operating expenses, is hurting the company&#39;s bottom line.
<h2>Factors Favoring CPA Stock</h2>
CPA&#39;s top line is bolstered by upbeat air-travel demand. To match this increased demand scenario, CPA has increased its capacity. In August, available seat miles (a measure of capacity) increased 8.2% year over year. Revenue passenger miles increased 5.8%.
The company&#39;s efforts to expand its fleet are commendable. In July 2024, CPA took delivery of its first Boeing 737 MAX 8, increasing its total fleet to 110 aircraft. By the end of the second quarter, the consolidated fleet included 67 Boeing 737-800s, 32 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter. Such moves reflect the company&#39;s continued commitment to growth and modernization.
Copa Holdings&#39; commitment to reward its shareholders through dividends is noteworthy. The company will make its third dividend payment of the year of&nbsp;$1.61&nbsp;per share on&nbsp;Sept. 13, 2024, to all Class A and Class B shareholders on record as of&nbsp;Aug. 30, 2024. These initiatives not only bolster investors&#39; confidence but also positively impact earnings per share.
<h2>Copa Holdings: Key Risks to Watch</h2>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, due to rising fuel and labor costs. In the second quarter of 2024, operating costs increased by 7.4% year over year.
In the second quarter of 2024, the fuel expenses accounting for 37.3% of the total operating expenses increased by 15% year over year, due to a 5.2% higher effective fuel price and a 9.6% increase in fuel gallons consumed. The labor costs comprising wages, salaries, benefits and other employees&#39; expenses increased by 8.6% year over year.
Copa Holdings is currently mired in multiple headwinds, which have led to its unimpressive price performance. Shares of CPA have plunged 13.9% over the past year against 24.8% growth in its&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/78822.jpg?v=1908983924" />
Image Source: Zacks Investment Research
<h2>CPA&#39;s Zacks Rank and Stocks to Consider</h2>
CPA is currently carrying a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies.
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 21.7% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record concerning the earnings surprise surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 66.8% in the past year.
<a href="https://www.zacks.com/stock/news/2339954/here-s-why-investors-should-retain-copa-holdings-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2339954">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Dividends

Here's Why Investors Should Retain Copa Holdings Stock for Now

Werner Enterprises&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wern#NASDAQ">WERN</a>) top line is grappling with a freight market downturn, hurting the company&#39;s prospects. Elevated operating expenses are challenging the company&#39;s financial stability. Escalated labor and fuel costs are hurting WERN&#39;s bottom line, making it an unattractive choice for investors&#39; portfolios.
Let&#39;s delve deeper.
<h2>WERN: Risks to Watch</h2>
Southward Earnings Estimate Revision:The Zacks Consensus Estimate for current-quarter earnings has been revised 33.3% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 26% south in the same time frame. The unfavorable estimate revisions indicate brokers&#39; lack of confidence in the stock.
Weak Zacks Rank: Werner Enterprises currently carries a Zacks Rank #5 (Strong Sell).
Unimpressive Price Performance: WERN shares have declined 7% in the past year against the industry&#39;s 0.2% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78379.jpg?v=444018168" />
Image Source: Zacks Investment Research
Bearish Industry Rank: The industry to which Werner Enterprises belongs currently has a Zacks Industry Rank of 222 (out of 251). Such an unfavorable rank places it in the bottom 11% of Zacks Industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry&#39;s performance becomes imperative.
High Costs:&nbsp; High operating expenses are hurting WERN&#39;sbottom line, challenging its financial stability. The surge in operating expenses was caused by increased labor and fuel costs. In the second quarter of 2024, labor costs, comprising salaries and benefits, accounting for 35.1% of the total operating expenses, amounted to $741.2 million. Fuel costs totaled $72 million.
The freight market downturn does not bode well for the company&#39;s prospects. As a result, the top line fell by 6% year over year.
The persistent driver crisis in the trucking industry is worsening supply-chain challenges across the United States. Driver scarcity issues limit trucking capacity, making it difficult for trucking companies like WERN. American Trucking Associations&#39; chief economist, Bob Costello, expects the trucking industry to be short of more than&nbsp;160,000 drivers by 2030.
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 14.2% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 61% in the past year.
<a href="https://www.zacks.com/stock/news/2338348/here-s-why-investors-should-give-wern-stock-a-miss-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2338348">To read this article on Zacks.com click here.</a>

WERN

Here's Why Investors Should Give WERN Stock a Miss Now

American Airlines&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) efforts to expand and enhance its global network are commendable. The company&#39;s proactive initiative to create 500 new aviation jobs is serving well for the company and the economy. However, AAL has been grappling with soft market conditions and increased operating costs.
<h2>Factors Favoring AAL</h2>
American Airlines&#39; initiative to create nearly 500 new aviation maintenance jobs and expand heavy check maintenance work at its bases in Charlotte, NC; Pittsburgh, PA, and Tulsa, OK, represents a significant boost to both the company and the local economies. The addition of more than 385 licensed aviation maintenance technician positions highlights the airline&#39;s commitment to enhancing its maintenance capabilities and infrastructure. This expansion will not only strengthen AAL&#39;s maintenance operations but also contribute to job growth in these regions, offering high-paying, skilled positions.
The company&#39;s efforts to expand its network are encouraging. In August 2024, American Airlines announced five new routes to Europe, including nonstop flights to Edinburgh, Scotland, for the first time since 2019. This expansion underscores AAL&#39;s commitment to growing its extensive global network, providing customers with more diverse travel options and unique connections.
<h2>American Airlines: Risks to Watch</h2>
The northward movement in operating expenses is hurting AAL&#39;s bottom line, challenging its financial stability. The surge in operating expenses was caused by a rise in fuel and labor costs. In the second quarter of 2024, total operating expenses rose by 9% compared to the second-quarter 2023 actuals.
Labor costs, accounting for 30.5% of the total operating expenses, rose 8.8% year over year, whereas fuel expenses jumped by 12.4% year over year.
Soft economic conditions continue to adversely impact AAL&#39;s prospects. The company&#39;s high level of debt limits its financial flexibility.
Shares of American Airlines have declined 18% year over year against its industry&#39;s 25.4% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/77730.jpg?v=701390163" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank </h2>
AAL currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 10.6% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 55.3% in the past year.
<a href="https://www.zacks.com/stock/news/2335974/here-s-why-investors-should-retain-american-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2335974">To read this article on Zacks.com click here.</a>

Here's Why Investors Should Retain American Airlines Stock Now

The Nasdaq 100 closed lower by around 0.1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Meta Platforms</h3>
<ul>
<li>The Trade: Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CFO Susan J Li <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 33,018 shares</a> at an average price of $517.94. The insider received around $17.1 million from selling those shares.</li>
<li>What's Happening: Mark Zuckerberg-led Meta has reportedly decided to discontinue its custom chip development for its upcoming augmented reality glasses.</li>
<li>What Meta Does: Meta is the world&#8217;s largest online social network, with nearly 4 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1">latest META news. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050337/image-309.png" alt="" class="wp-image-522516" style="width:753px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050337/image-309.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050337/image-309-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050337/image-309-768x725.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Bank of America</h3>
<ul>
<li>The Trade: Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) President, International Bernard A Mensah <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 92,000 shares </a>at an average price of $39.81. The insider received around $3.7 million from selling those shares.</li>
<li>What's Happening: Berkshire Hathaway sold shares worth more than $550 million, at an average price of $39.50 per share, over the past few days, according to Barron's.</li>
<li>What Bank of America Does: Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1"> trend in BAC stock.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050440/image-310.png" alt="" class="wp-image-522518" style="width:692px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050440/image-310.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050440/image-310-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050440/image-310-768x696.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">C.H. Robinson Worldwide</h3>
<ul>
<li>The Trade: C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) Chief Legal Officer/Secretary Ben G Campbell <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,780 shares</a> at an average price of $102.11. The insider received around $283,855 from selling those shares.</li>
<li>What's Happening: On Aug. 8, C.H. Robinson Worldwide raised its quarterly cash dividend from 61 cents to 62 cents per share.</li>
<li>What C.H. Robinson Worldwide Does: C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 61% of net revenue), which reflects mostly truck brokerage but also rail intermodal. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1">breakout in CHRW shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="873" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050533/image-311.png" alt="" class="wp-image-522520" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050533/image-311.png 873w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050533/image-311-300x289.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30050533/image-311-768x741.png 768w" sizes="(max-width: 873px) 100vw, 873px" /></a></figure>
<h3 class="wp-block-heading">CarGurus</h3>
<ul>
<li>The Trade: CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) Director Greg M Schwartz sold a total of 11,000 shares at an average price of $28.29. The insider received around $311,190 from selling those shares.</li>
<li>What's Happening: On Aug. 8, CarGurus reported better-than-expected second-quarter financial results.</li>
<li>What CarGurus Does: CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. </li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1">CARG&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="860" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30051213/image-312.png" alt="" class="wp-image-522526" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30051213/image-312.png 860w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30051213/image-312-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30051213/image-312-768x730.png 768w" sizes="(max-width: 860px) 100vw, 860px" /></a></figure>
Check This Out: 
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<li><a href="https://www.benzinga.com/24/08/40624754/top-2-materials-stocks-that-are-ticking-portfolio-bombs">Top 2 Materials Stocks That Are Ticking Portfolio Bombs</a></li>
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Meta, Bank of America And 2 Other Stocks Executives Are Selling

Canadian National&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cni#NYSE">CNI</a>) top line is bolstered by its strong segmental performance. The company&#39;s efforts to expand and upgrade its fleet are praiseworthy. However, rising operating expenses and weak liquidity are hurting the company&#39;s bottom line.
<h2>Factors Favoring CNI</h2>
Canadian National&#39;s top line is benefiting from robust segmental performance. The increase in volumes across its segments, such as intermodal, grain, fertilizer, petroleum and chemicals, highlights CNI&#39;s effective network management and ability to attract and retain significant business. In the second quarter of 2024, overall RTMs (revenue ton miles) grew by 13% year over year. This increase in RTMs was primarily driven by a 19% rise in the international intermodal segment and a 12% rise in Petroleum and Chemical.
CNI&#39;s proactive efforts to expand its fleet are commendable. The 2024-2025 Grain Plan reflects the company&#39;s commitment to enhancing its operational capabilities and delivering on its promise to efficiently transport the Canadian grain crop. One of the key highlights of the Grain Plan is the delivery of 750 new high-efficiency grain hopper cars, a continued focus on scheduled railroading, deployment of new firefighting equipment to help protect the supply chain and the use of new technologies to improve safety.
The company&#39;s efforts to reward its shareholders through dividends are encouraging. In the second quarter of 2024, CNI declared a quarterly dividend of C$0.8450 per share. As of March 31, 2024, the company repurchased 3.5 million common shares for $597 million under its current Normal Course Issuer Bid. Canadian National intends to repurchase up to 32 million common shares between Feb. 1, 2024 and Jan. 31, 2025 under its current NCIB.
<h2>Key Risks Faced by CNI</h2>
The northward movement in operating expenses is adversely impacting CNI&#39;sbottom line. In the second quarter of 2024, total operating expenses increased by 12.8% year over year. This surge in operating expenses was primarily driven by the increase in labor costs.In the first quarter of 2024, labor costs, comprising salaries and benefits (accounting for 30.7% of the total operating expenses), rose by 13.8% year over year.&nbsp;
Fuel costs, comprising 19.7% of the total operating expenses, jumped by 12.6% year over year.
The company&#39;s liquidity position is also a concern. Canadian National exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.63. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations.
Shares of CNI have declined 6.6% year to date compared to its industry&#39;s growth of 0.5% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4b/75903.jpg?v=92952899" />
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
CNI Currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 9.9% in the past year.
WAB holds a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 46.2% in the past year.
<a href="https://www.zacks.com/stock/news/2329000/here-s-why-you-should-retain-canadian-national-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2329000">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Canadian National Stock for Now

Westinghouse Air Brake Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), or Wabtec, shares have rallied 29.9% on a year-to-date basis compared with the industry&#39;s 5.9% decline. The S&amp;P 500 composite index rose 17.9% in the same time frame, while the Zacks&nbsp;Transportation&nbsp;sector gained 1.8%. The U.S.-based company currently has a market capitalization of $28.95 billion.
Wabtec, presently sporting a Zacks Rank #1 (Strong Buy), boasts an impressive track record of beating estimates in each of the trailing four quarters, the average surprise being 11.8%.
<h3>YTD Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/75728.jpg?v=229226767" />
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<h2>Can WAB Retain the Momentum?</h2>
The Zacks Consensus Estimate for WAB&#39;s 2024 earnings is pegged at $1.86 per share, which indicates an improvement of 9.4% from 2023&#39;s actuals. The same for revenues stands at $2.64 billion, which implies a 3.7% increase from the prior year&#39;s actual.
The consensus mark for 2025 earnings is pegged at $8.30 per share, which indicates 11.3% growth from 2024 estimates. The same for revenues is pegged at $10.82 billion, which indicates a rise of 4.2% from 2024 estimates. Wabtec&#39;s top line is benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the Transit segment gains from strong aftermarket and original equipment manufacturing sales.
Wabtec posted a significant year-over-year increase (9.85%) in revenues for 2023. The surge in the top line was driven by a 13% rise in Freight revenues (accounting for 72.6% of the top line). The ongoing summer season is expected to provide a further boost to revenues.
WAB&#39;s liquidity position is encouraging. The airline ended the second quarter of 2024 with cash and cash equivalents of $595 million, much higher than the current debt level of $503 million. This implies that the company has sufficient cash to meet its current debt obligations. Wabtec&#39;s times interest earned ratio of 7.4 compares favorably with the industry&#39;s ratio of 3.2.
With WAB&#39;s health tied to the economy, we believe that the company will remain in good shape going forward as the economy has normalized after the pandemic. Sales should continue improving, given the uptick in the trading scenario.
Despite the abovementioned upsides, one must be mindful of high fuel and labor costs, which pose major challenges for WAB.
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and ZIM Integrated Shipping Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1. CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 9.8% in the past year.
ZIM also sports a Zacks Rank #1 at present and has an expected earnings growth rate of 257.2% for the current year.
Shares of ZIM have climbed 63.8% in the past year.
<a href="https://www.zacks.com/stock/news/2328396/wabtec-rises-29-9-ytd-more-upside-ahead-for-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2328396">To read this article on Zacks.com click here.</a>

Wabtec Rises 29.9% YTD: More Upside Ahead for the Stock?

The freight and logistics industry is booming thanks to the growing demand, substantial infrastructure investments, and trade growth. Thus, quality trucking freight stocks Old Dominion Freight Line (ODFL), C.H. Robinson Worldwide (CHRW), and ArcBest (ARCB) could be ideal watchlist additions for now. Read more... The freight and logistics market is set for a rebound propelled by the expanding commercial activities globally. Also, easy access and convenience through digital technologies are fueling worldwide consumption and demand.
Considering the industry's bright outlook, it could be wise to watch fundamentally sound trucking freight stocks Old Dominion Freight Line, Inc. (<a href="https://stocknews.com/stock/ODFL/">ODFL</a>), C.H. Robinson Worldwide, Inc. (<a href="https://stocknews.com/stock/CHRW/">CHRW</a>), and ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>) with strengthening global trade trends.
After a slump in 2023 owing to high inflation and rising interest rates, global trade is experiencing an uptrend in 2024. During the first quarter, the <a href="https://unctad.org/news/global-trade-resumes-growth-first-quarter-2024#:~:text=The%20report%20expects%20the%20increase,the%20second%20half%20of%202023.">value of trade in goods increased</a> by around 1% quarter-over-quarter, and services grew by 1.5%. The growth was accelerated by positive trade dynamics for the United States and some developing countries.
Also, in a recent update of <a href="https://www.wto.org/english/news_e/news24_e/stat_10oct24_e.htm#:~:text=In%20the%20October%202024%20update,the%20year%20and%20in%202025.">Global Trade Outlook and Statistics</a>, WTO economists noted global merchandise trade growth of 2.3% year-on-year in the first half of 2024 and expect moderate expansion ahead in the year and in 2025.
Despite lingering geopolitical tensions and increased economic policy uncertainty, the global goods trade is expected to grow 2.7% in 2024, up from the prior estimate of 2.6%. Also, the volume of world merchandise trade is likely to exhibit a 3.0% increase in 2025.
Amid this, the <a href="https://www.mordorintelligence.com/industry-reports/united-states-freight-logistics-market/market-size">United States freight and logistics market</a> is expected to value $1.33 trillion in 2024. It is expected to grow to $1.67 trillion by 2030, exhibiting a 3.90% CAGR, driven by the rising e-commerce trade, technological advancement, rising consumption across the globe, and steady infrastructure investments.
Also, the global road freight transport market is projected to see strong growth and reach around $136.38 billion in 2028, growing at a <a href="https://www.thebusinessresearchcompany.com/report/road-freight-transport-global-market-report">CAGR of 6.5%</a>. Trends like green initiatives and sustainability, digitalization, artificial intelligence, resilience, and supply chain visibility support the sector's expansion.
With these encouraging trends in mind, let's delve into the fundamentals of the three top <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> stock picks, beginning with the third choice.
Stock #3: Old Dominion Freight Line, Inc. (<a href="https://stocknews.com/stock/ODFL/">ODFL</a>)
ODFL operates as a less-than-truckload motor carrier. The company provides regional, inter-regional, and national less-than-truckload services, and expedited transportation. The company also offers various value-added services, including container drayage, truckload brokerage, and supply chain consulting.
On October 17, ODFL's Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on December 18, 2024, to shareholders of record at the close of business on December 4, 2024. The dividend payment represents a 30% increase from the quarterly cash dividend paid in December 2023.
ODFL's annual dividend of $1.04 translates to a yield of 0.53% at the current share price. Its four-year average dividend yield is 0.35%. Also, the company's dividend payouts have increased at a CAGR of 37.7% over the past three years. ODFL has raised its dividends for 6 consecutive years.
ODFL's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 6.1% year-over-year to $1.50 billion during the second quarter, which ended June 30, 2024. The company reported operating income of $421.69 million, up 7.7% from the prior-year period. Its net income and EPS came in at $322.04 million and $1.48, indicating growth of 10.2% and 11.3% year-over-year, respectively.
In addition, as of June 30, 2024, the company's cash and cash equivalents stood at $74.30 million, compared to $433.80 million as of December 31, 2023.
Street expects ODFL's revenue for the fiscal year (ending December 2025) to increase 6.1% year-over-year to $6.33 billion. The company's EPS is expected to grow 12.4% year-over-year to $6.24 over the same year. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of ODFL have surged 1.6% over the past month and 2.2% over the past year to close the last trading session at $198.05.
ODFL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ODFL has a B grade for Quality. It is ranked #10 out of 17 stocks in the <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> industry.
In addition to the POWR Ratings we've stated above, we also have ODFL's ratings for Value, Growth, Momentum, Sentiment, and Stability. Get all ODFL ratings <a href="https://stocknews.com/stock/ODFL/">here</a>.
Stock #2: C.H. Robinson Worldwide, Inc. (<a href="https://stocknews.com/stock/CHRW/">CHRW</a>)
CHRW provides freight transportation services and related logistics and supply chain services internationally. It operates through two segments, North American Surface Transportation; and Global Forwarding. It provides transportation and logistics services, like truckload and less-than-truckload transportation brokerage services.
On August 8, CHRW's Board of Directors declared an increase to its regular quarterly cash dividend to $0.62 per share from $0.61 per share, paid on October 1, 2024, to shareholders of record on September 6, 2024.
CHRW pays an annual dividend of $2.48, which translates to a yield of 2.28% at the current share price. Its four-year average dividend yield is 2.41%. Moreover, the company's dividend payouts have increased at a CAGR of 6.3% over the past three years. CHRW has raised its dividends for 26 consecutive years.
On July 30, CHRW arrived at the strategic decision to sell its European Surface Transportation business to Sennder Technologies GmbH, the leading digital road freight forwarder in Europe. This was part of its enterprise strategy to get fit, fast, and focused.
The move will also drive focus on profitable growth in its four core modes – North American truckload, less-than-truckload, and global ocean and air – as the engines to create the most value for its stakeholders.
For the second quarter that ended June 30, 2024, CHRW's total revenues increased 1.4% year-over-year to $4.48 billion, and its adjusted gross profit grew 3.3% from the year-ago value to $687.41 million. The company's adjusted income from operations was $193.28 million for the quarter, up 31.7% year-over-year.
In addition, CHRW's non-GAAP net income of $137.79 million or $1.15 per share reflects increases of 25.1% and 25% from the prior year's quarter, respectively.
Analysts expect CHRW's revenue and EPS for the third quarter (ended September 2024) to increase 4.5% and 36.7% year-over-year to $4.54 billion and $1.15, respectively. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of CHRW have surged 53.9% over the past six months and 29.3% over the past year to close the last trading session at $108.88.
CHRW's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Growth. Within the same industry, CHRW is ranked #6 of 17 stocks.
<a href="https://stocknews.com/stock/CHRW/">Click here</a> to access additional ratings of CHRW for Quality, Value, Momentum, Sentiment, and Stability.
Stock #1: ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>)
ARCB engages in the provision of ground, air, and ocean transportation solutions. It operates in Asset-Based and Asset-Light segments. The company provides less-than-truckload (LTL) services that transport general commodities like food, textiles, apparel, and furniture.
On October 10, ARCB announced that its household goods moving service, U-Pack&#xAE; partnered with Affirm to provide financing options for long-distance moves. Through the collaboration, customers who apply and are qualified can book a move now and pay on a payment plan later. The innovative payment plans will help customers manage their long-distance moving costs.
On August 6, ARCB joined TriumphPay as a full audit and payments network participant. This is a part of ARCB's strategy to better serve carriers, improve operational efficiency, and enhance payment security.
In the second quarter that ended June 30, 2024, ARCB reported revenues of $1.08 billion. Its non-GAAP operating income grew 28.1% from the prior year's quarter to $64.20 million. Its non-GAAP net income and EPS of $47.38 million and $1.98 indicate 24.8% and 28.6% growth from the year-ago value, respectively.
Furthermore, the company's consolidated adjusted EBITDA from continuing operations rose 24.3% from the prior year's quarter to $94.86 million.
Street expects ARCB's revenue and EPS for the first quarter (ending March 2025) to increase 3.5% and 20.3% year-over-year to $1.07 billion and $1.61, respectively. The company has topped the consensus revenue estimates in all four trailing quarters.
Over the past year, ARCB's stock has surged 8.2% to close the last trading session at $101.86.
ARCB's POWR Ratings reflect its bright prospects. The stock has a B grade for Value and Growth. ARCB has topped among the 17 stocks in the Trucking Freight industry.
<a href="https://stocknews.com/stock/ARCB/">Click here</a> to access additional ratings of ARCB for Momentum, Sentiment, Quality, and Stability.
What To Do Next?
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ODFL shares were unchanged in after-hours trading Tuesday. Year-to-date, ODFL has declined -1.20%, versus a 23.88% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/odfl-chrw-arcb-3-freight-and-logistics-stocks-to-watch-as-global-trade/>3 Freight and Logistics Stocks to Watch as Global Trade Rebounds</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Freight and Logistics Stocks to Watch as Global Trade Rebounds

C.H. Robinson Worldwide Q3 2024 Earnings Preview

C.H. Robinson Worldwide Non-GAAP EPS of $1.28 beats by $0.13, revenue of $4.64B beats by $100M

Reports Q3 revenue $4.6B, consensus $4.53B. "I'm pleased with our third quarter results that reflect continued improvement in our execution, as we ...

C.H. Robinson reports Q3 adjusted EPS $1.28, consensus $1.14

C.H. Robinson Worldwide, Inc. (CHRW) Q3 2024 Earnings Call Transcript

Barclays analyst Brandon Oglenski maintained a Sell rating on CH Robinson (CHRW – Research Report) today and set a price target of $85.00. The comp...

CH Robinson (CHRW) Receives a Sell from Barclays

CH Robinson (CHRW – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Ken Hoexter from Bank o...

C.H. Robinson's Strategic Improvements and Strong Performance Drive Buy Rating with Increased Price Objective

Morgan Stanley analyst Ravi Shanker maintained a Sell rating on CH Robinson (CHRW – Research Report) today and set a price target of $65.00. Ravi S...

Cautious Outlook on C.H. Robinson's Sustainability Amid Temporary Gains and Cost-Cutting Measures

Analyst Jason Seidl from TD Cowen reiterated a Hold rating on CH Robinson (CHRW – Research Report) and increased the price target to $113.00 from $...

CH Robinson: Temporary Gains and Cautious Outlook Justify Hold Rating

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Illinois Tool Works (ITW – Research Report),...

Analysts Conflicted on These Industrial Goods Names: Illinois Tool Works (ITW), CH Robinson (CHRW) and Verisk Analytics (VRSK)

ARCB

ODFL

VRSK

Press Releases

C.H. Robinson Unveils Role of Chief Strategy and Innovation Officer to Drive Forward Enterprise Strategy, New Operating Model and Technologies of Tomorrow

C.H. Robinson Second Quarter 2024 Earnings Release and Conference Call Scheduled for Wednesday, July 31, 2024

C.H. Robinson Announces Agreement to Sell its European Surface Transportation Business to sennder Technologies GmbH

C.H. Robinson Reports 2024 Second Quarter Results

C.H. Robinson Increases Quarterly Cash Dividend

C.H. Robinson to Host 2024 Investor Day

C.H. Robinson Third Quarter 2024 Earnings Release and Conference Call Scheduled for Wednesday, October 30, 2024

C.H. Robinson's $900 Million Drop Trailer Business Surpasses Half a Million Loads on Its Way to Another Record Year

C.H. Robinson Reports 2024 Third Quarter Results

Using Generative AI, C.H. Robinson Has Achieved Automation Across the Entire Lifecycle of a Freight Shipment

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