Today Echo Global Logistics, Inc. (ECHO) Stock Rises

September 17, 2017 - By Ellis Scott

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.29, from 1.29 in 2016Q3. It dropped, as 26 investors sold Echo Global Logistics, Inc. shares while 41 reduced holdings. 22 funds opened positions while 45 raised stakes. 25.15 million shares or 0.33% less from 25.24 million shares in 2016Q3 were reported.
Northern Tru owns 410,512 shares. Janus Cap Mngmt Ltd Limited Liability Company reported 950,105 shares. Ls Advsrs Limited Liability invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Century Management Lc holds 28,955 shares or 0.09% of its portfolio. Georgia-based Voya Invest Mngmt Lc has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Citigroup invested in 0% or 125,766 shares. Schwerin Boyle Capital Mgmt Incorporated reported 0.74% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). State Of Tennessee Treasury Department holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 20,483 shares. Nicholas Investment L P invested in 45,925 shares. Susquehanna Grp Llp has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Tiaa Cref Inv Management Limited Liability Company has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). New York State Teachers Retirement reported 11,423 shares. Summit Creek Advsrs Ltd Llc holds 774,153 shares. Sg Americas Lc invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Moreover, Invesco has 0.01% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 820,200 shares.

The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) is a huge mover today! The stock increased 5.68% or $0.9 on September 15, reaching $16.75. About 760,675 shares traded or 74.93% up from the average. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since September 17, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.
The move comes after 5 months positive chart setup for the $477.95 million company. It was reported on Sep, 17 by Barchart.com. We have $18.09 PT which if reached, will make NASDAQ:ECHO worth $38.24M more.

Analysts expect Echo Global Logistics, Inc. (NASDAQ:ECHO) to report $0.15 EPS on October, 25.They anticipate $0.05 EPS change or 25.00 % from last quarter’s $0.2 EPS. ECHO’s profit would be $4.28M giving it 27.92 P/E if the $0.15 EPS is correct. After having $0.12 EPS previously, Echo Global Logistics, Inc.’s analysts see 25.00 % EPS growth.

Echo Global Logistics, Inc. (NASDAQ:ECHO) Ratings Coverage

Among 12 analysts covering Echo Global Logistics (NASDAQ:ECHO), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. Echo Global Logistics had 24 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, October 27 by Cowen & Co. As per Friday, July 28, the company rating was downgraded by UBS. Susquehanna initiated the shares of ECHO in report on Tuesday, December 20 with “Neutral” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Hold” rating given on Friday, September 4 by TheStreet. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Buy” rating given on Thursday, October 29 by BB&T Capital. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, August 18 report. Barrington Research maintained the shares of ECHO in report on Friday, August 28 with “Outperform” rating. Stifel Nicolaus maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) rating on Wednesday, December 9. Stifel Nicolaus has “Buy” rating and $28 target. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Buy” rating given on Monday, September 11 by Stifel Nicolaus. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Buy” rating by Zacks on Friday, August 21.

More recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Seekingalpha.com which released: “Echo Global Logistics’ (ECHO) Q1 2017 Results – Earnings Call Transcript” on April 27, 2017. Also Seekingalpha.com published the news titled: “Echo Global Logistics (ECHO) Q2 2017 Results – Earnings Call Transcript” on July 28, 2017. Seekingalpha.com‘s news article titled: “Echo Global Logistics (ECHO) Q4 2016 Results – Earnings Call Transcript” with publication date: February 09, 2017 was also an interesting one.

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The company has market cap of $477.95 million. The Firm utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. It currently has negative earnings. The Firm focuses primarily on arranging transportation by truckload and less than truckload (LTL) carriers.

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