Echo Global Logistics (NASDAQ:ECHO) had its price objective lifted by Credit Suisse Group from $24.50 to $30.00 in a report released on Thursday morning. They currently have a neutral rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on ECHO. UBS Group raised shares of Echo Global Logistics from a sell rating to a neutral rating and set a $33.00 price objective on the stock in a research report on Monday, January 29th. Cowen restated an outperform rating and set a $34.00 target price (up previously from $23.00) on shares of Echo Global Logistics in a report on Thursday. Zacks Investment Research cut shares of Echo Global Logistics from a buy rating to a hold rating in a report on Thursday, January 11th. Stephens restated a buy rating and set a $34.00 target price on shares of Echo Global Logistics in a report on Wednesday, January 10th. Finally, Macquarie cut shares of Echo Global Logistics from an outperform rating to a neutral rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Echo Global Logistics currently has an average rating of Hold and an average target price of $29.90.

Echo Global Logistics (NASDAQ:ECHO) opened at $28.45 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The stock has a market cap of $793.98, a price-to-earnings ratio of 61.85, a price-to-earnings-growth ratio of 2.27 and a beta of 1.55. Echo Global Logistics has a 1 year low of $13.00 and a 1 year high of $32.95.

Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. The business had revenue of $547.70 million for the quarter, compared to the consensus estimate of $484.47 million. Echo Global Logistics had a net margin of 0.65% and a return on equity of 5.22%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. equities research analysts predict that Echo Global Logistics will post 0.72 earnings per share for the current year.

In other news, COO David B. Menzel sold 30,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $24.55, for a total transaction of $736,500.00. Following the sale, the chief operating officer now owns 180,322 shares in the company, valued at approximately $4,426,905.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ECHO. Granahan Investment Management Inc. MA boosted its stake in Echo Global Logistics by 1,669.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 840,893 shares of the transportation company’s stock worth $15,851,000 after purchasing an additional 793,366 shares in the last quarter. Janus Henderson Group PLC bought a new position in Echo Global Logistics in the 2nd quarter worth about $14,062,000. Hood River Capital Management LLC bought a new position in Echo Global Logistics in the 4th quarter worth about $9,043,000. Kornitzer Capital Management Inc. KS bought a new position in Echo Global Logistics in the 3rd quarter worth about $5,942,000. Finally, Dimensional Fund Advisors LP boosted its stake in Echo Global Logistics by 20.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,807,045 shares of the transportation company’s stock worth $35,960,000 after purchasing an additional 309,610 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

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Echo Global Logistics Company Profile

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.

Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

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