Echo Global Logistics Stock Rating Reaffirmed by Credit Suisse (ECHO)
Echo Global Logistics (NASDAQ:ECHO)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a $20.00 price target on the stock, up from their previous price target of $19.00. Credit Suisse’s price target indicates a potential upside of 7.12% from the stock’s previous close.
Shares of Echo Global Logistics (NASDAQ:ECHO) traded down 0.32% during mid-day trading on Thursday, hitting $18.61. 41,720 shares of the company’s stock traded hands. Echo Global Logistics has a one year low of $15.54 and a one year high of $22.65. The stock has a 50-day moving average of $18.5 and a 200-day moving average of $18.70. The company has a market cap of $437.1 million and a price-to-earnings ratio of 32.19.
Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly 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. On average, analysts predict that Echo Global Logistics will post $0.73 earnings per share for the current fiscal year.
ECHO has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.41.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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