Echo Global Logistics Director Bradley A. Keywell Sells 35,000 Shares (ECHO)
Echo Global Logistics (NASDAQ:ECHO) Director Bradley A. Keywell sold 35,000 shares of Echo Global Logistics stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $24.90, for a total transaction of $871,500.00. Following the completion of the transaction, the director now directly owns 8,217 shares of the company’s stock, valued at approximately $204,603. The sale was disclosed in a filing with the SEC, which is available at this link.
Echo Global Logistics (NASDAQ:ECHO) traded up 1.56% on Friday, hitting $25.39. 160,226 shares of the company’s stock traded hands. Echo Global Logistics has a 52-week low of $15.54 and a 52-week high of $25.20. The stock’s 50-day moving average is $21.62 and its 200-day moving average is $18.81. The company has a market cap of $601.7 million and a price-to-earnings ratio of 42.37.
Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results 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. Analysts expect that Echo Global Logistics will post $0.77 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment 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 target price of $23.46.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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