Several brokerages have updated their recommendations and price targets on shares of Echo Global Logistics (NASDAQ: ECHO) in the last few weeks:
- 10/4/2019 – Echo Global Logistics was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $26.00 price target on the stock, up previously from $22.00.
- 10/2/2019 – Echo Global Logistics was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
- 9/25/2019 – Echo Global Logistics was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Echo Global Logistics is a leading provider of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. The company’s web-based technology platform compiles and analyzes data from its network of over 22,000 transportation providers to serve its clients’ shipping and freight management needs. Echo procures transportation and provides logistics services for more than 11,600 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. Echo Global Logistics, Inc. is headquartered in Chicago, Illinois. “
- 9/14/2019 – Echo Global Logistics was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
Shares of ECHO stock traded down $0.23 during trading hours on Friday, hitting $21.88. 191,069 shares of the company’s stock were exchanged, compared to its average volume of 239,129. The stock’s 50-day moving average is $21.22 and its 200-day moving average is $21.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $600.48 million, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.95. Echo Global Logistics, Inc. has a 52 week low of $18.00 and a 52 week high of $29.74.
Echo Global Logistics (NASDAQ:ECHO) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $553.78 million during the quarter, compared to the consensus estimate of $572.60 million. Echo Global Logistics had a net margin of 1.07% and a return on equity of 11.03%. Echo Global Logistics’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. Equities research analysts forecast that Echo Global Logistics, Inc. will post 1.26 earnings per share for the current fiscal year.
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.
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