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Echo Global Logistics (NASDAQ:ECHO) was downgraded by investment analysts at Avondale Partners from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.

In other Echo Global Logistics news, Director Bradley Keywell unloaded 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $19.30, for a total transaction of $482,500.00. Following the completion of the sale, the director now directly owns 8,217 shares of the company’s stock, valued at approximately $158,588. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Echo Global Logistics from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at BB&T Corp. initiated coverage on shares of Echo Global Logistics in a research note to investors on Tuesday, February 4th. They set a “hold” rating on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Echo Global Logistics in a research note to investors on Thursday, November 14th. They set an “outperform” rating and a $23.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Echo Global Logistics presently has an average rating of “Hold” and an average target price of $21.95.

Echo Global Logistics (NASDAQ:ECHO) traded down 1.39% during mid-day trading on Monday, hitting $16.99. 92,458 shares of the company’s stock traded hands. Echo Global Logistics has a 1-year low of $15.81 and a 1-year high of $22.65. The stock’s 50-day moving average is $20.52 and its 200-day moving average is $20.65. The company has a market cap of $388.1 million and a price-to-earnings ratio of 28.25.

Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.07. The company had revenue of $221.30 million for the quarter, compared to the consensus estimate of $238.09 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Echo Global Logistics will post $0.76 EPS for the current fiscal year.

Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.

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