Echo Global Logistics Director Bradley A. Keywell Sells 35,000 Shares (ECHO)
Echo Global Logistics (NASDAQ:ECHO) Director Bradley A. Keywell unloaded 35,000 shares of Echo Global Logistics stock on the open market in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $18.26, for a total transaction of $639,100.00. Following the completion of the sale, the director now directly owns 8,217 shares of the company’s stock, valued at approximately $150,042. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Echo Global Logistics (NASDAQ:ECHO) traded up 0.49% during mid-day trading on Friday, hitting $18.43. The stock had a trading volume of 93,141 shares. Echo Global Logistics has a 52-week low of $15.54 and a 52-week high of $22.65. The stock has a 50-day moving average of $18.07 and a 200-day moving average of $18.81. The company has a market cap of $432.9 million and a price-to-earnings ratio of 31.62.
Echo Global Logistics (NASDAQ:ECHO) last released its earnings data on Thursday, April 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $247.70 million for the quarter, compared to the consensus estimate of $229.69 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 21.4% on a year-over-year basis. Analysts expect that Echo Global Logistics will post $0.72 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at BB&T Corp. upgraded shares of Echo Global Logistics from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $23.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Echo Global Logistics from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $23.00 price target on the stock, up previously from $15.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Echo Global Logistics from $20.00 to $22.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Echo Global Logistics currently has a consensus rating of “Hold” and a consensus price target of $21.61.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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