Echo Global Logistics (NASDAQ:ECHO) had its price target increased by equities researchers at Credit Suisse Group from $24.50 to $30.00 in a research report issued to clients and investors on Thursday. The firm presently has a “neutral” rating on the transportation company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 5.45% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Cowen restated an “outperform” rating and issued a $34.00 price target (up from $23.00) on shares of Echo Global Logistics in a research note on Thursday. UBS Group upgraded shares of Echo Global Logistics from a “sell” rating to a “neutral” rating and set a $33.00 price target on the stock in a research note on Monday, January 29th. Zacks Investment Research downgraded shares of Echo Global Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Stephens restated a “buy” rating and issued a $34.00 price target on shares of Echo Global Logistics in a research note on Wednesday, January 10th. Finally, Macquarie downgraded shares of Echo Global Logistics from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.90.

Echo Global Logistics (ECHO) opened at $28.45 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 1.40. Echo Global Logistics has a one year low of $13.00 and a one year high of $32.95. The company has a market cap of $799.55, a PE ratio of 42.76, a P/E/G ratio of 2.29 and a beta of 1.55.

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

In related news, COO David B. Menzel sold 30,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.55, for a total transaction of $736,500.00. Following the completion of the sale, the chief operating officer now owns 180,322 shares of the company’s stock, valued at $4,426,905.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ECHO. Schwab Charles Investment Management Inc. lifted its position in Echo Global Logistics by 33.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 217,813 shares of the transportation company’s stock worth $4,335,000 after purchasing an additional 54,658 shares during the period. Alliancebernstein L.P. lifted its position in Echo Global Logistics by 8.7% during the second quarter. Alliancebernstein L.P. now owns 36,320 shares of the transportation company’s stock worth $723,000 after purchasing an additional 2,900 shares during the period. Nationwide Fund Advisors lifted its position in Echo Global Logistics by 4.2% during the second quarter. Nationwide Fund Advisors now owns 19,921 shares of the transportation company’s stock worth $396,000 after purchasing an additional 800 shares during the period. Thrivent Financial For Lutherans lifted its position in Echo Global Logistics by 6.8% during the second quarter. Thrivent Financial For Lutherans now owns 16,490 shares of the transportation company’s stock worth $328,000 after purchasing an additional 1,050 shares during the period. Finally, Northern Trust Corp lifted its position in Echo Global Logistics by 51.7% during the second quarter. Northern Trust Corp now owns 623,201 shares of the transportation company’s stock worth $12,401,000 after purchasing an additional 212,341 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

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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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