News stories about Echo Global Logistics (NASDAQ:ECHO) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Echo Global Logistics earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.2464695795889 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Top Ranked Growth Stocks to Buy for November 20th (zacks.com)
- Head to Head Contrast: Echo Global Logistics (ECHO) and BEST, Inc. Sponsored ADR (BSTI) (americanbankingnews.com)
- Full Utilization of Cargo Space in Trucking Industry Will Propel Road Transport Segment in Digital Freight Brokerage Market (sbwire.com)
- Echo CEO says truck rates to continue rising in 2018 as capacity stays tight (dcvelocity.com)
- Echo Global Logistics, Inc. (ECHO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Echo Global Logistics (NASDAQ ECHO) traded up $0.70 during trading hours on Monday, hitting $24.70. 685,769 shares of the stock traded hands, compared to its average volume of 356,004. The company has a market cap of $669.78, a price-to-earnings ratio of 58.54, a P/E/G ratio of 2.78 and a beta of 1.51. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.61. Echo Global Logistics has a 12 month low of $13.00 and a 12 month high of $28.90.
Echo Global Logistics (NASDAQ:ECHO) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. The business had revenue of $509.50 million during the quarter, compared to analyst estimates of $473.44 million. Echo Global Logistics had a negative net margin of 0.20% and a positive return on equity of 3.29%. Echo Global Logistics’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. equities research analysts anticipate that Echo Global Logistics will post 0.49 EPS for the current fiscal year.
ECHO has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price target on shares of Echo Global Logistics in a research report on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and issued a $19.00 target price on shares of Echo Global Logistics in a report on Friday, September 1st. Morgan Stanley lowered shares of Echo Global Logistics from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $26.00 to $14.00 in a report on Monday, August 7th. Zacks Investment Research raised shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, ValuEngine upgraded shares of Echo Global Logistics from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Echo Global Logistics currently has an average rating of “Hold” and an average target price of $23.90.
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In other Echo Global Logistics news, CEO Douglas R. Waggoner sold 25,160 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $23.91, for a total transaction of $601,575.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Samuel K. Skinner sold 120,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $23.51, for a total transaction of $2,821,200.00. Following the sale, the director now directly owns 24,346 shares in the company, valued at $572,374.46. The disclosure for this sale can be found here. Insiders have sold a total of 223,660 shares of company stock worth $5,299,371 over the last ninety days. Insiders own 8.10% of the company’s stock.
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.
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