Shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) have received a consensus rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $23.25.
A number of research analysts recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of Echo Global Logistics from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Echo Global Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Cowen reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Echo Global Logistics in a report on Wednesday, October 4th. Macquarie cut shares of Echo Global Logistics from an “outperform” rating to a “neutral” rating in a report on Thursday, December 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Echo Global Logistics in a report on Tuesday, September 12th.
In other news, Director Samuel K. Skinner sold 120,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $23.51, for a total transaction of $2,821,200.00. Following the completion of the sale, the director now owns 24,346 shares of the company’s stock, valued at $572,374.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David B. Menzel sold 57,500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was 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 of the company’s stock, valued at approximately $4,490,824.02. The disclosure for this sale can be found here. Insiders sold 253,660 shares of company stock valued at $6,035,871 in the last ninety days. 8.10% of the stock is owned by corporate insiders.
Echo Global Logistics (NASDAQ:ECHO) opened at $27.90 on Friday. The stock has a market cap of $782.81, a price-to-earnings ratio of -232.50, a P/E/G ratio of 2.11 and a beta of 1.55. Echo Global Logistics has a 1 year low of $13.00 and a 1 year high of $29.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.61.
Echo Global Logistics (NASDAQ:ECHO) last posted its earnings results on Wednesday, October 25th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $509.50 million during the quarter, compared to the consensus estimate of $473.44 million. Echo Global Logistics had a negative net margin of 0.20% and a positive return on equity of 3.29%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. equities analysts anticipate that Echo Global Logistics will post 0.49 EPS for the current fiscal year.
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About Echo Global Logistics
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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