Somewhat Positive Media Coverage Somewhat Unlikely to Affect Echo Global Logistics (ECHO) Share Price
Media stories about Echo Global Logistics (NASDAQ:ECHO) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.14 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 45.6141031417057 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Echo Global Logistics, Inc. (ECHO) COO Sells $736,500.00 in Stock (americanbankingnews.com)
- Analysts Expect Echo Global Logistics, Inc. (ECHO) Will Post Quarterly Sales of $479.91 Million (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for November 20th (zacks.com)
- Head to Head Contrast: Echo Global Logistics (ECHO) and BEST, Inc. Sponsored ADR (BSTI) (americanbankingnews.com)
- Full Utilization of Cargo Space in Trucking Industry Will Propel Road Transport Segment in Digital Freight Brokerage Market (sbwire.com)
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Echo Global Logistics from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Wednesday, November 1st. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 price target (up from $18.00) on shares of Echo Global Logistics in a report on Monday, October 30th. Cowen and Company upped their price target on Echo Global Logistics from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. UBS Group AG upped their price target on Echo Global Logistics from $13.00 to $19.00 and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus upped their price target on Echo Global Logistics from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Echo Global Logistics currently has a consensus rating of “Hold” and a consensus price target of $23.90.
Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. Echo Global Logistics had a positive return on equity of 3.29% and a negative net margin of 0.20%. The company had revenue of $509.50 million during the quarter, compared to analysts’ expectations of $473.44 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. equities research analysts expect that Echo Global Logistics will post 0.49 EPS for the current year.
In other Echo Global Logistics news, Director Samuel K. Skinner sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $23.51, for a total value of $2,821,200.00. Following the completion of the sale, the director now owns 24,346 shares in the company, valued at $572,374.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kyle Sauers sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $23.92, for a total value of $478,400.00. Following the completion of the sale, the chief financial officer now owns 65,919 shares of the company’s stock, valued at approximately $1,576,782.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,660 shares of company stock valued at $6,035,871. 8.10% of the stock is owned by company insiders.
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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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