BidaskClub upgraded shares of Echo Global Logistics (NASDAQ:ECHO) from a sell rating to a hold rating in a research report report published on Thursday, BidAskClub reports.

Several other analysts also recently weighed in on ECHO. Zacks Investment Research upgraded Echo Global Logistics from a hold rating to a buy rating and set a $28.00 target price for the company in a research note on Thursday, February 14th. Morgan Stanley upgraded Echo Global Logistics from an underweight rating to an equal weight rating and increased their target price for the company from $22.00 to $25.00 in a research note on Tuesday, March 5th. TheStreet upgraded Echo Global Logistics from a c+ rating to a b rating in a research note on Thursday, April 4th. Cowen restated a buy rating and set a $35.00 target price on shares of Echo Global Logistics in a research note on Monday, April 8th. Finally, Susquehanna Bancshares downgraded Echo Global Logistics from a positive rating to a neutral rating in a research note on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $29.71.

Shares of NASDAQ:ECHO opened at $20.53 on Thursday. Echo Global Logistics has a twelve month low of $18.83 and a twelve month high of $36.75. The company has a market cap of $572.73 million, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.77 and a beta of 2.01. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.55.

Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Echo Global Logistics had a return on equity of 11.64% and a net margin of 1.15%. The firm had revenue of $538.10 million during the quarter, compared to the consensus estimate of $549.32 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Echo Global Logistics will post 1.51 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the business. Prospect Capital Advisors LLC bought a new stake in shares of Echo Global Logistics in the 1st quarter worth approximately $3,152,000. Pinebridge Investments L.P. lifted its position in shares of Echo Global Logistics by 4.0% in the 1st quarter. Pinebridge Investments L.P. now owns 33,190 shares of the transportation company’s stock worth $823,000 after acquiring an additional 1,286 shares during the period. Geode Capital Management LLC lifted its position in shares of Echo Global Logistics by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 338,098 shares of the transportation company’s stock worth $8,378,000 after acquiring an additional 23,536 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Echo Global Logistics by 17.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 399,327 shares of the transportation company’s stock worth $9,896,000 after acquiring an additional 58,054 shares during the period. Finally, Greytown Advisors Inc. bought a new stake in shares of Echo Global Logistics in the 1st quarter worth approximately $202,000. Institutional investors own 98.46% of the company’s stock.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.

Featured Article: Holder of Record

Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

Receive News & Ratings for Echo Global Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echo Global Logistics and related companies with MarketBeat.com's FREE daily email newsletter.