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Echo Global Logistics (NASDAQ:ECHO) was downgraded by Stifel Nicolaus from a “hold” rating to a “sell” rating in a research note issued on Wednesday, reports. They currently have a $21.00 price objective on the stock. Stifel Nicolaus’ price target indicates a potential downside of 20.48% from the company’s current price. The analysts noted that the move was a valuation call.

In other Echo Global Logistics news, Director Bradley A. Keywell sold 35,000 shares of Echo Global Logistics stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $24.90, for a total value of $871,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Echo Global Logistics (NASDAQ:ECHO) opened at 26.41 on Wednesday. Echo Global Logistics has a 52-week low of $15.54 and a 52-week high of $26.57. The stock’s 50-day moving average is $22.8 and its 200-day moving average is $19.25. The company has a market cap of $625.9 million and a P/E ratio of 44.00.

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.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Echo Global Logistics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 27th. 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.73.

Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.

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