Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
No Result
View All Result
No Result
View All Result
Home Supply Chain Updates

Echo Global Logistics (NASDAQ:ECHO) Upgraded to Buy by BidaskClub

usscmc by usscmc
November 10, 2019
Echo Global Logistics (NASDAQ:ECHO) Upgraded to Buy by BidaskClub
Share on FacebookShare on Twitter

Echo Global Logistics logoEcho Global Logistics (NASDAQ:ECHO) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, BidAskClub reports.

ECHO has been the topic of a number of other research reports. Barrington Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Echo Global Logistics in a research note on Monday, October 28th. Zacks Investment Research downgraded Echo Global Logistics from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. ValuEngine upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded Echo Global Logistics from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $26.00 in a report on Friday, October 4th. Finally, Cowen cut their price target on Echo Global Logistics from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.40.

ECHO stock opened at $21.97 on Friday. Echo Global Logistics has a 1 year low of $18.00 and a 1 year high of $26.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50 day moving average price is $22.24 and its 200 day moving average price is $21.16. The firm has a market cap of $582.47 million, a P/E ratio of 13.56, a PEG ratio of 1.03 and a beta of 1.91.

Echo Global Logistics (NASDAQ:ECHO) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Echo Global Logistics had a return on equity of 9.70% and a net margin of 0.91%. The firm had revenue of $561.44 million for the quarter, compared to analyst estimates of $548.10 million. During the same quarter in the prior year, the company earned $0.55 EPS. Echo Global Logistics’s revenue was down 12.9% on a year-over-year basis. On average, research analysts predict that Echo Global Logistics will post 1.18 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in Echo Global Logistics by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 15,116 shares of the transportation company’s stock valued at $342,000 after acquiring an additional 598 shares during the last quarter. Summit Creek Advisors LLC increased its holdings in shares of Echo Global Logistics by 0.3% during the 2nd quarter. Summit Creek Advisors LLC now owns 338,530 shares of the transportation company’s stock worth $7,065,000 after buying an additional 910 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Echo Global Logistics by 2.2% during the 2nd quarter. Prudential Financial Inc. now owns 50,144 shares of the transportation company’s stock worth $1,047,000 after buying an additional 1,100 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Echo Global Logistics by 265.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,024 shares of the transportation company’s stock worth $63,000 after buying an additional 2,196 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Echo Global Logistics by 4.4% during the 2nd quarter. Swiss National Bank now owns 51,700 shares of the transportation company’s stock worth $1,079,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.

Featured Article: Understanding the different types of bonds

Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

usscmc

usscmc

No Result
View All Result

Recent Posts

  • Volkswagen Announces Pricing of 25% Equity Stake Sale in Porsche
  • Can software simplify the supply chain? Ryan Petersen thinks so
  • A strategic approach to cost reduction for banks and fintechs
  • Study examines supply chain issues and opportunities
  • Instacart acquires hyper local grocery e-commerce platform

Recent Comments

  • Top 5 Supply Chain Certifications that are in high demand | Top 5 Certifications on Top 5 Globally Recognized Supply Chain Certifications
  • 3 Best Procurement Certifications that are most valuable | Procurement Newz on Top 5 Globally Recognized Supply Chain Certifications

Archives

  • September 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019

Categories

  • Global News
  • Supply Chain Updates

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Pages

  • Home
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Antispam
  • Contact Us

Categories

  • Global News
  • Supply Chain Updates
slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

No Content Available
  • Antispam
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
  • Terms of Use

© 2023 www.usscmc.com

No Result
View All Result
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us

© 2023 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT