CH Robinson Worldwide Inc. (CHRW) saw a big move last session, as the company’s shares fell by over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $56.27 to $60.23 in the past one-month time frame.
The logistics company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. None of the estimates were revised on either side and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
CHRW currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Investors interested in the logistics industry may consider better-ranked stocks like Expeditors International of Washington Inc. (EXPD), Grupo Aeroportuario del Pacifico S.A.B. de CV (PAC) and Student Transportation, Inc. (STB). All these stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CH ROBINSON WORLDWIDE INC (CHRW): Free Stock Analysis Report
EXPEDITORS INTL WASH (EXPD): Free Stock Analysis Report
GPO AEROPORTUARIO DEL PAC SA (PAC): Free Stock Analysis Report
STUDENT TRANSPORTATION INC (STB): Free Stock Analysis Report
Zacks Investment Research