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

Core Insights - C.H. Robinson Worldwide, Inc. reported better-than-expected earnings for Q3, with earnings per share at $1.28, surpassing the analyst consensus estimate of $1.15 [2] - The company achieved quarterly sales of $4.645 billion, exceeding the analyst consensus estimate of $4.527 billion [2] - The CEO highlighted the company's strong execution and disciplined volume growth despite a prolonged freight recession [2] Financial Performance - Quarterly earnings per share: $1.28, beating the estimate of $1.15 [2] - Quarterly sales: $4.645 billion, exceeding the estimate of $4.527 billion [2] Analyst Reactions - BMO Capital analyst raised the price target from $92 to $115 while maintaining a Market Perform rating [2] - TD Cowen analyst increased the price target from $103 to $113 while maintaining a Hold rating [2] Stock Performance - Following the earnings announcement, C.H. Robinson shares fell by 5.9% to $103.18 [2] - Analysts have a consensus price target with a high of $140 issued by UBS [3]