NEW YORK (TheStreet) -- Shares of C.H. Robinson Worldwide (CHRW) - Get C.H. Robinson Worldwide, Inc. Report are slipping 4.45% to $68.93 on Wednesday morning after the company posted weaker-than-expected revenue for the 2016 second quarter.
After yesterday's market close, the Eden Prairie, MN-based logistics and trucking company said revenue fell 6.9% to $3.3 billion from last year. Analysts were expecting $3.43 billion.
Earnings of $1 per share matched analysts' projections.
Additionally, the company's truckload net revenues dropped 1.4% during the period compared to last year.
Barclays lowered its price target on the stock to $78 from $81 and maintained its "overweight" rating following the results.
"With valuation still near the low end of history, we see relative value in CHRW shares but note upside will likely be more difficult in the near-term," the firm wrote in an analyst note.
After several quarters of weak new truck orders and deliveries, the company's view for margin compression in July could signal the supply side of trucking correcting to a soft demand environment, Barclays added.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CHRW