Investment Analysts’ Weekly Ratings Changes for Echo Global Logistics (ECHO)

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Echo Global Logistics (NASDAQ: ECHO) recently received a number of ratings updates from brokerages and research firms:

  • 5/14/2019 – Echo Global Logistics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/10/2019 – Echo Global Logistics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 4/25/2019 – Echo Global Logistics had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $33.00 price target on the stock.
  • 4/24/2019 – Echo Global Logistics was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 4/10/2019 – Echo Global Logistics was downgraded by analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating.
  • 4/8/2019 – Echo Global Logistics had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $35.00 price target on the stock.
  • 4/4/2019 – Echo Global Logistics was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 3/29/2019 – Echo Global Logistics was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of ECHO stock traded down $0.09 on Wednesday, hitting $21.71. 148,211 shares of the stock were exchanged, compared to its average volume of 229,700. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $597.00 million, a price-to-earnings ratio of 13.40, a PEG ratio of 0.81 and a beta of 1.98. Echo Global Logistics, Inc. has a one year low of $18.83 and a one year high of $36.75.

Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $549.32 million. During the same quarter in the prior year, the firm posted $0.40 EPS. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. Equities analysts predict that Echo Global Logistics, Inc. will post 1.51 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Echo Global Logistics by 1.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 29,300 shares of the transportation company’s stock valued at $596,000 after acquiring an additional 400 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Echo Global Logistics by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 18,681 shares of the transportation company’s stock valued at $380,000 after purchasing an additional 718 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Echo Global Logistics by 8.4% during the 4th quarter. State of Alaska Department of Revenue now owns 9,526 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 735 shares during the last quarter. Stone Ridge Asset Management LLC increased its position in shares of Echo Global Logistics by 4.8% during the 4th quarter. Stone Ridge Asset Management LLC now owns 17,487 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Echo Global Logistics by 46.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,626 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 828 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

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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