Echo Global Logistics (ECHO) Getting Somewhat Favorable Press Coverage, Report Finds
News stories about Echo Global Logistics (NASDAQ:ECHO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Echo Global Logistics earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.4127265291281 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of brokerages recently issued reports on ECHO. Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub lowered Echo Global Logistics from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Cowen and Company restated a “buy” rating and issued a $19.00 target price on shares of Echo Global Logistics in a research note on Friday, September 1st. William Blair restated a “market perform” rating on shares of Echo Global Logistics in a research note on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Echo Global Logistics in a research note on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.38.
Shares of Echo Global Logistics (ECHO) traded up 1.69% during trading on Friday, reaching $18.10. The company had a trading volume of 303,099 shares. The firm’s market capitalization is $516.48 million. Echo Global Logistics has a 1-year low of $13.00 and a 1-year high of $28.90. The firm has a 50-day moving average of $14.78 and a 200 day moving average of $18.34.
Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Echo Global Logistics had a negative net margin of 0.21% and a positive return on equity of 3.22%. The company had revenue of $470.10 million during the quarter, compared to analyst estimates of $470.25 million. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Echo Global Logistics will post $0.59 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Echo Global Logistics (ECHO) Getting Somewhat Favorable Press Coverage, Report Finds” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/24/echo-global-logistics-echo-getting-somewhat-favorable-press-coverage-report-finds.html.
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.
Receive News & Ratings for Echo Global Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echo Global Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.