Echo Global Logistics PT Raised to $28.00 at FBR Capital Markets (ECHO)
Equities researchers at FBR Capital Markets boosted their price target on shares of Echo Global Logistics (NASDAQ:ECHO) from $22.00 to $28.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price points to a potential upside of 28.00% from the stock’s previous close.
In other Echo Global Logistics news, Director Bradley A. Keywell sold 35,000 shares of Echo Global Logistics stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $19.90, for a total value of $696,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Echo Global Logistics (NASDAQ:ECHO) opened at 21.875 on Friday. 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 $19.39 and a 200-day moving average of $18.52. The company has a market cap of $513.8 million and a P/E ratio of 35.02.
Echo Global Logistics (NASDAQ:ECHO) last released its earnings data on Thursday, July 24th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $305.10 million for the quarter, compared to the consensus estimate of $276.73 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 36.1% 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.
Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Echo Global Logistics in a research note on Thursday, June 12th. They now have a $20.00 price target on the stock, up previously from $19.00. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.78.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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