Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Echo Global Logistics from a sell rating to a hold rating in a research note on Wednesday, October 2nd. UBS Group set a $23.00 price target on shares of Echo Global Logistics and gave the company a hold rating in a research note on Friday, July 26th. Zacks Investment Research downgraded shares of Echo Global Logistics from a hold rating to a sell rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. downgraded shares of Echo Global Logistics from an overweight rating to a neutral rating and raised their price target for the company from $22.00 to $26.00 in a research note on Friday, October 4th. Finally, Credit Suisse Group raised their price target on shares of Echo Global Logistics from $21.00 to $22.00 and gave the company a neutral rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $25.40.
Shares of ECHO traded down $0.01 during trading hours on Friday, hitting $21.97. The company had a trading volume of 135,500 shares, compared to its average volume of 238,907. The business has a fifty day moving average of $22.24 and a 200-day moving average of $21.16. Echo Global Logistics has a 12 month low of $18.00 and a 12 month high of $26.33. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.49. The firm has a market cap of $582.47 million, a price-to-earnings ratio of 13.56, a PEG ratio of 1.03 and a beta of 1.91.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in Echo Global Logistics by 265.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,024 shares of the transportation company’s stock worth $63,000 after buying an additional 2,196 shares during the period. Strs Ohio acquired a new stake in Echo Global Logistics during the 3rd quarter worth approximately $70,000. Quantamental Technologies LLC acquired a new stake in Echo Global Logistics during the 2nd quarter worth approximately $78,000. Convergence Investment Partners LLC acquired a new stake in Echo Global Logistics during the 2nd quarter worth approximately $119,000. Finally, First Trust Advisors LP acquired a new stake in Echo Global Logistics during the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 95.10% of the company’s stock.
Echo Global Logistics Company Profile
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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