Echo Global Logistics Sets New 52-Week High at $25.96 (ECHO)
Echo Global Logistics (NASDAQ:ECHO) shares reached a new 52-week high during trading on Thursday , AnalystRatings.NET reports. The stock traded as high as $25.96 and last traded at $25.62, with a volume of 28,215 shares trading hands. The stock had previously closed at $25.72.
ECHO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Echo Global Logistics from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $26.80 price target on the stock. Separately, 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Echo Global Logistics currently has a consensus rating of “Buy” and an average target price of $24.11.
The stock’s 50-day moving average is $22.22 and its 200-day moving average is $19.0. The company has a market cap of $608.1 million and a price-to-earnings ratio of 43.59.
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. 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.
In other Echo Global Logistics news, Director Bradley A. Keywell unloaded 35,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $24.90, for a total transaction of $871,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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