News articles about Echo Global Logistics (NASDAQ:ECHO) have been trending positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Echo Global Logistics earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 45.2016017938624 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Shares of Echo Global Logistics (ECHO) traded down $0.45 during midday trading on Friday, reaching $29.05. The company’s stock had a trading volume of 306,917 shares, compared to its average volume of 298,562. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $823.28, a PE ratio of -242.08, a PEG ratio of 2.36 and a beta of 1.55. Echo Global Logistics has a 1-year low of $13.00 and a 1-year high of $32.95.
A number of equities analysts have recently weighed in on ECHO shares. UBS Group raised Echo Global Logistics from a “sell” rating to a “neutral” rating and set a $33.00 price objective for the company in a research note on Monday, January 29th. Zacks Investment Research downgraded Echo Global Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Stephens reiterated a “buy” rating and issued a $34.00 target price on shares of Echo Global Logistics in a research report on Wednesday, January 10th. Macquarie downgraded Echo Global Logistics from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $31.00 price objective (up from $25.00) on shares of Echo Global Logistics in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.30.
In related news, CEO Douglas R. Waggoner sold 25,160 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $23.91, for a total value of $601,575.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David B. Menzel sold 30,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.55, for a total value of $736,500.00. Following the completion of the transaction, the chief operating officer now owns 180,322 shares of the company’s stock, valued at approximately $4,426,905.10. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.
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Echo Global Logistics Company Profile
Echo Global Logistics, Inc is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.
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