Headlines about Echo Global Logistics (NASDAQ:ECHO) have trended positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Echo Global Logistics earned a news impact score of 0.28 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.6037993580924 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of equities analysts have recently commented on the stock. Cowen and Company reaffirmed a “buy” rating and set a $19.00 target price on shares of Echo Global Logistics in a research report on Wednesday. ValuEngine raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 target price on shares of Echo Global Logistics in a research report on Tuesday, September 12th. Finally, Morgan Stanley lowered shares of Echo Global Logistics from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $26.00 to $14.00 in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.38.

Echo Global Logistics (ECHO) traded up 1.675% during trading on Friday, hitting $19.725. 417,471 shares of the stock were exchanged. The stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $18.16. Echo Global Logistics has a 12 month low of $13.00 and a 12 month high of $28.90. The stock’s market cap is $562.83 million.

Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Thursday, July 27th. The transportation company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Echo Global Logistics had a positive return on equity of 3.22% and a negative net margin of 0.21%. The business had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $470.25 million. During the same period in the previous year, the company earned $0.33 earnings per share. Echo Global Logistics’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Echo Global Logistics will post $0.59 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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