Several analysts have recently updated their ratings and price targets for Echo Global Logistics (NASDAQ: ECHO):

  • 10/12/2017 – Echo Global Logistics had its price target raised by analysts at J P Morgan Chase & Co from $19.00 to $25.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – Echo Global Logistics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Echo Global Logistics is a leading provider of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. The company’s web-based technology platform compiles and analyzes data from its network of over 22,000 transportation providers to serve its clients’ shipping and freight management needs. Echo procures transportation and provides logistics services for more than 11,600 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. Echo Global Logistics, Inc. is headquartered in Chicago, Illinois. “
  • 10/4/2017 – Echo Global Logistics had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $19.00 price target on the stock.
  • 10/2/2017 – Echo Global Logistics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Echo Global Logistics is a leading provider of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. The company’s web-based technology platform compiles and analyzes data from its network of over 22,000 transportation providers to serve its clients’ shipping and freight management needs. Echo procures transportation and provides logistics services for more than 11,600 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. Echo Global Logistics, Inc. is headquartered in Chicago, Illinois. “
  • 10/2/2017 – Echo Global Logistics was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/12/2017 – Echo Global Logistics had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $18.00 price target on the stock.
  • 9/1/2017 – Echo Global Logistics had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $19.00 price target on the stock.
  • 9/1/2017 – Echo Global Logistics was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Echo Global Logistics, Inc. (ECHO) opened at 19.65 on Friday. Echo Global Logistics, Inc. has a one year low of $13.00 and a one year high of $28.90. The firm has a 50-day moving average of $17.10 and a 200 day moving average of $18.13. The stock’s market capitalization is $560.69 million.

Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $470.25 million. Echo Global Logistics had a negative net margin of 0.21% and a positive return on equity of 3.22%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. On average, equities research analysts anticipate that Echo Global Logistics, Inc. will post $0.59 earnings per share for the current fiscal year.

Echo Global Logistics, Inc is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.

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