Echo Global Logistics, Inc. (NASDAQ:ECHO) has received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $23.89.

Several equities research analysts recently commented on ECHO shares. Cowen boosted their price objective on shares of Echo Global Logistics from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. J P Morgan Chase & Co boosted their price objective on shares of Echo Global Logistics from $19.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Stifel Nicolaus boosted their price objective on shares of Echo Global Logistics from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. ValuEngine lowered shares of Echo Global Logistics from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a research note on Wednesday, November 1st.

Shares of Echo Global Logistics (NASDAQ ECHO) opened at $27.45 on Monday. The firm has a market cap of $766.06, a PE ratio of 66.95, a PEG ratio of 3.18 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.40 and a current ratio of 1.40. Echo Global Logistics has a 52 week low of $13.00 and a 52 week high of $28.90.

Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Wednesday, October 25th. The transportation company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Echo Global Logistics had a negative net margin of 0.20% and a positive return on equity of 3.29%. The firm had revenue of $509.50 million for the quarter, compared to analyst estimates of $473.44 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. sell-side analysts forecast that Echo Global Logistics will post 0.49 earnings per share for the current fiscal year.

In related news, CFO Kyle Sauers sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $23.92, for a total transaction of $478,400.00. Following the sale, the chief financial officer now owns 65,919 shares of the company’s stock, valued at $1,576,782.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David B. Menzel sold 57,500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.91, for a total transaction of $1,374,825.00. Following the sale, the chief operating officer now directly owns 187,822 shares in the company, valued at approximately $4,490,824.02. The disclosure for this sale can be found here. Insiders have sold 253,660 shares of company stock valued at $6,035,871 over the last 90 days. 8.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Granahan Investment Management Inc. MA grew its holdings in Echo Global Logistics by 1,669.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 840,893 shares of the transportation company’s stock worth $15,851,000 after acquiring an additional 793,366 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Echo Global Logistics by 13.3% in the 3rd quarter. Stifel Financial Corp now owns 26,637 shares of the transportation company’s stock valued at $508,000 after buying an additional 3,128 shares in the last quarter. Elk Creek Partners LLC raised its position in shares of Echo Global Logistics by 50.3% in the 3rd quarter. Elk Creek Partners LLC now owns 620,013 shares of the transportation company’s stock valued at $11,687,000 after purchasing an additional 207,557 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Echo Global Logistics by 9.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,984,863 shares of the transportation company’s stock valued at $37,414,000 after purchasing an additional 177,818 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Echo Global Logistics by 4.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 228,347 shares of the transportation company’s stock valued at $4,305,000 after purchasing an additional 10,534 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

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Echo Global Logistics Company Profile

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.

Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

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