Echo Global Logistics (ECHO) Receives Media Impact Score of 0.27
Press coverage about Echo Global Logistics (NASDAQ:ECHO) has trended positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Echo Global Logistics earned a news impact score of 0.27 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 45.3151244354503 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s analysis:
- Echo Global Logistics, Inc. (ECHO) Expected to Announce Quarterly Sales of $479.87 Million (americanbankingnews.com)
- Zacks Investment Research Downgrades Echo Global Logistics (ECHO) to Hold (americanbankingnews.com)
- Echo Global Logistics Fourth Quarter 2017 Earnings Release and Conference Call Scheduled for Wednesday, February 7, 2018 (finance.yahoo.com)
- Echo Global Logistics (ECHO) Stock Rating Reaffirmed by Stephens (americanbankingnews.com)
Shares of Echo Global Logistics (NASDAQ ECHO) opened at $28.75 on Wednesday. The stock has a market capitalization of $810.72, a PE ratio of 70.85, a P/E/G ratio of 2.32 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.40. Echo Global Logistics has a 1 year low of $13.00 and a 1 year high of $29.70.
A number of analysts recently issued reports on the company. Stephens reissued a “buy” rating and issued a $34.00 target price on shares of Echo Global Logistics in a research report on Wednesday, January 10th. Morgan Stanley upped their target price on Echo Global Logistics from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen reissued a “buy” rating and issued a $19.00 target price on shares of Echo Global Logistics in a research report on Wednesday, October 4th. Finally, ValuEngine raised Echo Global Logistics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.90.
In other Echo Global Logistics news, COO David B. Menzel sold 57,500 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $23.91, for a total transaction of $1,374,825.00. Following the completion of the sale, the chief operating officer now directly owns 187,822 shares of the company’s stock, valued at approximately $4,490,824.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samuel K. Skinner sold 120,000 shares of the 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 sale, the director now directly owns 24,346 shares of the company’s stock, valued at $572,374.46. The disclosure for this sale can be found here. Insiders have sold a total of 253,660 shares of company stock valued at $6,035,871 over the last ninety days. 8.10% of the stock is owned by 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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