Echo Global Logistics Inc. (NASDAQ:ECHO) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.50.

ECHO has been the subject of several research analyst reports. Cowen and Company lowered their target price on Echo Global Logistics from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. Morgan Stanley lowered their price objective on Echo Global Logistics from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Echo Global Logistics in a research note on Friday, July 29th. Zacks Investment Research downgraded Echo Global Logistics from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Finally, Barrington Research lowered their price objective on Echo Global Logistics from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, October 31st.

Shares of Echo Global Logistics (NASDAQ:ECHO) traded down 0.071% on Friday, reaching $25.432. 35,041 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $23.16 and its 200-day moving average price is $23.58. Echo Global Logistics has a 52-week low of $18.65 and a 52-week high of $28.49. The stock has a market cap of $743.28 million, a P/E ratio of 120.531 and a beta of 1.30.

Echo Global Logistics (NASDAQ:ECHO) last issued its earnings results on Wednesday, October 26th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $460.20 million for the quarter, compared to analyst estimates of $80.04 million. Echo Global Logistics had a return on equity of 5.40% and a net margin of 0.37%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Equities analysts forecast that Echo Global Logistics will post $1.08 EPS for the current fiscal year.

In other Echo Global Logistics news, CEO Douglas R. Waggoner sold 34,723 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $26.01, for a total transaction of $903,145.23. Following the transaction, the chief executive officer now directly owns 241,863 shares in the company, valued at approximately $6,290,856.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Waggoner sold 34,822 shares of the stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $22.23, for a total value of $774,093.06. Following the transaction, the chief executive officer now owns 267,627 shares in the company, valued at $5,949,348.21. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC acquired a new position in Echo Global Logistics during the second quarter worth about $110,000. SG Americas Securities LLC acquired a new position in Echo Global Logistics during the third quarter worth about $126,000. Municipal Employees Retirement System of Michigan boosted its position in Echo Global Logistics by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,550 shares of the company’s stock worth $128,000 after buying an additional 90 shares during the last quarter. Bank of Montreal Can acquired a new position in Echo Global Logistics during the second quarter worth about $159,000. Finally, BNP Paribas Arbitrage SA boosted its position in Echo Global Logistics by 112.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,355 shares of the company’s stock worth $187,000 after buying an additional 4,427 shares during the last quarter. Hedge funds and other institutional investors own 87.98% of the company’s stock.

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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.

5 Day Chart for NASDAQ:ECHO

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