Echo Global Logistics, Inc. (ECHO) on Focus After Raising In Today’s Session

April 16, 2018 - By Peter Erickson

Echo Global Logistics, Inc. (NASDAQ:ECHO) Logo

Investors sentiment increased to 1.26 in Q4 2017. Its up 0.09, from 1.17 in 2017Q3. It increased, as 8 investors sold Echo Global Logistics, Inc. shares while 53 reduced holdings. 42 funds opened positions while 35 raised stakes. 26.25 million shares or 3.56% more from 25.35 million shares in 2017Q3 were reported.
The Texas-based Texas Permanent School Fund has invested 0.01% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Public Sector Pension Invest Board invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Rutabaga Cap Mngmt Ltd Limited Liability Company Ma owns 535,826 shares for 3.45% of their portfolio. Metropolitan Life Insur New York has 9,127 shares. United Ser Automobile Association invested in 240,755 shares or 0.02% of the stock. 294,901 were accumulated by Kennedy Mngmt. Fifth Third National Bank accumulated 102 shares. Aqr Cap Mgmt Ltd Llc reported 10,952 shares or 0% of all its holdings. Park West Asset Management Llc has 814,347 shares. First Republic Investment Mgmt Inc has invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Envestnet Asset Mgmt Inc invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Teacher Retirement Systems Of Texas owns 8,738 shares or 0% of their US portfolio. Pinebridge Invests Lp has invested 0.03% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Kornitzer Management Ks stated it has 310,820 shares. Retail Bank Of New York Mellon has invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO).

The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) is a huge mover today! The stock increased 5.47% or $1.58 during the last trading session, reaching $30.38. About 318,227 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has risen 28.61% since April 16, 2017 and is uptrending. It has outperformed by 17.06% the S&P500.
The move comes after 5 months positive chart setup for the $851.25 million company. It was reported on Apr, 16 by Barchart.com. We have $31.60 PT which if reached, will make NASDAQ:ECHO worth $34.05 million more.

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on April, 25. They expect $0.19 EPS, up 533.33 % or $0.16 from last year’s $0.03 per share. ECHO’s profit will be $5.32 million for 39.97 P/E if the $0.19 EPS becomes a reality. After $0.29 actual EPS reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts -34.48 % negative EPS growth.

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

Among 9 analysts covering Echo Global Logistics (NASDAQ:ECHO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Echo Global Logistics had 15 analyst reports since October 26, 2017 according to SRatingsIntel. Macquarie Research downgraded the stock to “Hold” rating in Thursday, December 14 report. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Underweight” rating given on Friday, February 23 by Morgan Stanley. The firm has “Sell” rating by UBS given on Thursday, October 26. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 26. UBS upgraded the shares of ECHO in report on Monday, January 29 to “Hold” rating. Credit Suisse maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) rating on Thursday, October 26. Credit Suisse has “Neutral” rating and $20 target. Credit Suisse maintained the stock with “Neutral” rating in Thursday, February 8 report. The firm has “Buy” rating by Stephens given on Thursday, February 8. Cowen & Co maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Thursday, October 26 with “Buy” rating. On Wednesday, February 7 the stock rating was maintained by Susquehanna with “Buy”.

Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. The company has market cap of $851.25 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 has a 67.5 P/E ratio. The firm offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.

Echo Global Logistics, Inc. (NASDAQ:ECHO) Institutional Positions Chart

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