Echo Global Logistics Sets New 52-Week High at $24.75 (ECHO)
Echo Global Logistics (NASDAQ:ECHO)’s share price hit a new 52-week high on Monday , American Banking News.com reports. The stock traded as high as $24.75 and last traded at $24.68, with a volume of 98,126 shares. The stock had previously closed at $24.39.
ECHO has been the subject of a number of recent research reports. Analysts at Barrington Research raised their price target on shares of Echo Global Logistics from $21.00 to $25.00 in a research note on Thursday, July 31st. Separately, analysts at Zacks upgraded shares of Echo Global Logistics from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $22.20 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Echo Global Logistics from $22.00 to $28.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.46.
The stock has a 50-day moving average of $20.96 and a 200-day moving average of $18.68. The company has a market cap of $586.6 million and a price-to-earnings ratio of 41.34.
Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.17 earnings per share. Echo Global Logistics’s revenue was up 36.1% compared to the same quarter last year. On average, analysts predict that Echo Global Logistics will post $0.77 earnings per share 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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