Electronic Clearing House Inc (NASDAQ:ECHO): Positive Stock Sentiment

January 22, 2018 - By Henry Gaston

 Electronic Clearing House Inc (NASDAQ:ECHO): Positive Stock Sentiment

Sentiment for Electronic Clearing House Inc (NASDAQ:ECHO)

Electronic Clearing House Inc (NASDAQ:ECHO) institutional sentiment increased to 1.17 in 2017 Q3. Its up 0.08, from 1.09 in 2017Q2. The ratio is positive, as 63 investment professionals increased or started new positions, while 54 reduced and sold holdings in Electronic Clearing House Inc. The investment professionals in our partner’s database now have: 25.35 million shares, up from 24.27 million shares in 2017Q2. Also, the number of investment professionals holding Electronic Clearing House Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 36 Increased: 42 New Position: 21.

Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. The company has market cap of $828.86 million. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. It currently has negative earnings. The firm offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.

The stock increased 2.06% or $0.6 during the last trading session, reaching $29.7. About 369,212 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since January 22, 2017 and is downtrending. It has underperformed by 33.84% the S&P500.

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on February, 14. They expect $0.14 earnings per share, up 366.67 % or $0.11 from last year’s $0.03 per share. ECHO’s profit will be $3.91 million for 53.04 P/E if the $0.14 EPS becomes a reality. After $0.23 actual earnings per share reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts -39.13 % negative EPS growth.

Summit Creek Advisors Llc holds 1.38% of its portfolio in Echo Global Logistics, Inc. for 370,765 shares. Granahan Investment Management Inc Ma owns 840,893 shares or 1.32% of their US portfolio. Moreover, Portolan Capital Management Llc has 1.29% invested in the company for 575,158 shares. The Massachusetts-based Rutabaga Capital Management Llc Ma has invested 1.1% in the stock. North Star Asset Management Inc, a Wisconsin-based fund reported 416,100 shares.#img1#

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

Ratings analysis reveals 60% of Echo Global Logistics’s analysts are positive. Out of 15 Wall Street analysts rating Echo Global Logistics, 9 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $14 while the high is $34.0. The stock’s average target of $25.75 is -13.30% below today’s ($29.7) share price. ECHO was included in 36 notes of analysts from August 11, 2015. Susquehanna maintained it with “Buy” rating and $33.0 target in Monday, January 8 report. As per Friday, August 28, the company rating was maintained by Barrington Research. As per Tuesday, December 20, the company rating was initiated by Susquehanna. The rating was downgraded by TheStreet to “Hold” on Friday, September 4. Macquarie Research downgraded it to “Hold” rating and $29.0 target in Thursday, December 14 report. JP Morgan initiated Echo Global Logistics, Inc. (NASDAQ:ECHO) on Monday, July 11 with “Overweight” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $15 target in Thursday, October 26 report. UBS downgraded the stock to “Sell” rating in Friday, July 28 report. Stephens maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Monday, January 8 with “Buy” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Market Outperform” rating by Avondale on Friday, January 8.

More important recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Seekingalpha.com which released: “Echo Global Logistics’ (ECHO) CEO Doug Waggoner on Q3 2017 Results – Earnings …” on October 26, 2017, also Valuewalk.com published article titled: “Spruce Point Re-Establishes Short Position In Echo Global Logistics, Inc. (ECHO)”, Globenewswire.com published: “Echo Global Logistics Third Quarter 2017 Earnings Release and Conference Call …” on October 09, 2017. More interesting news about Echo Global Logistics, Inc. (NASDAQ:ECHO) was released by: Seekingalpha.com and their article: “Echo Global Logistics (ECHO) Q2 2017 Results – Earnings Call Transcript” with publication date: July 28, 2017.

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