Shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) have received an average recommendation of “Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.82.
ECHO has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Echo Global Logistics from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. reduced their price target on shares of Echo Global Logistics from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Barrington Research reduced their price target on shares of Echo Global Logistics from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Loop Capital raised shares of Echo Global Logistics from a “hold” rating to a “buy” rating and boosted their price target for the company from $18.00 to $22.00 in a research note on Tuesday, May 19th. Finally, Zacks Investment Research raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday.
NASDAQ:ECHO traded down $0.17 on Tuesday, hitting $20.20. The stock had a trading volume of 345,621 shares, compared to its average volume of 260,650. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.53. The stock has a market cap of $537.62 million, a price-to-earnings ratio of 65.16, a PEG ratio of 2.57 and a beta of 1.37. The company has a fifty day moving average price of $19.73 and a two-hundred day moving average price of $19.23. Echo Global Logistics has a 1-year low of $14.17 and a 1-year high of $24.50.
Echo Global Logistics (NASDAQ:ECHO) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $551.00 million for the quarter, compared to analyst estimates of $550.89 million. Echo Global Logistics had a net margin of 0.38% and a return on equity of 6.57%. Echo Global Logistics’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. As a group, analysts anticipate that Echo Global Logistics will post 0.44 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ECHO. Meeder Asset Management Inc. acquired a new position in shares of Echo Global Logistics in the 4th quarter valued at $35,000. Cutler Group LP acquired a new stake in Echo Global Logistics during the 1st quarter worth $35,000. Sowell Financial Services LLC acquired a new stake in Echo Global Logistics during the 1st quarter worth $52,000. SG Americas Securities LLC acquired a new stake in Echo Global Logistics during the 4th quarter worth $119,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Echo Global Logistics during the 1st quarter worth $171,000. Institutional investors own 97.97% of the company’s stock.
About Echo Global Logistics
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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