Echo 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.
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