Stifel Nicolaus restated their buy rating on shares of Echo Global Logistics (NASDAQ:ECHO) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has a $31.00 price objective on the transportation company’s stock, up from their prior price objective of $25.00.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their target price on shares of Echo Global Logistics from $14.00 to $15.00 and gave the stock an equal weight rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Echo Global Logistics from a sell rating to a hold rating in a report on Monday, October 2nd. Cowen restated a buy rating and issued a $19.00 price target on shares of Echo Global Logistics in a report on Wednesday, October 4th. ValuEngine upgraded shares of Echo Global Logistics from a sell rating to a hold rating in a report on Monday, October 2nd. Finally, Barrington Research restated an outperform rating and issued a $26.00 price target (up previously from $18.00) on shares of Echo Global Logistics in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $24.50.

Shares of Echo Global Logistics (ECHO) opened at $27.85 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.40. Echo Global Logistics has a 12-month low of $13.00 and a 12-month high of $28.50. The stock has a market cap of $766.06, a P/E ratio of 66.95, a P/E/G ratio of 3.18 and a beta of 1.55.

Echo Global Logistics (NASDAQ:ECHO) last released its earnings results on Wednesday, October 25th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Echo Global Logistics had a negative net margin of 0.20% and a positive return on equity of 3.29%. The business had revenue of $509.50 million for the quarter, compared to analysts’ expectations of $473.44 million. During the same period last year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. analysts anticipate that Echo Global Logistics will post 0.49 EPS for the current fiscal year.

In other news, COO David B. Menzel sold 30,000 shares of Echo Global Logistics stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.55, for a total transaction of $736,500.00. Following the sale, the chief operating officer now owns 180,322 shares in the company, valued at $4,426,905.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samuel K. Skinner sold 120,000 shares of Echo Global Logistics stock in a transaction that occurred on 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 owns 24,346 shares in the company, valued at approximately $572,374.46. The disclosure for this sale can be found here. Insiders sold 253,660 shares of company stock worth $6,035,871 in the last 90 days. 8.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ECHO. Vanguard Group Inc. raised its stake in shares of Echo Global Logistics by 8.4% during the first quarter. Vanguard Group Inc. now owns 1,426,941 shares of the transportation company’s stock valued at $30,465,000 after purchasing an additional 110,145 shares during the period. Geode Capital Management LLC raised its stake in shares of Echo Global Logistics by 11.1% during the first quarter. Geode Capital Management LLC now owns 229,608 shares of the transportation company’s stock valued at $4,902,000 after purchasing an additional 22,911 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Echo Global Logistics by 7.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 163,155 shares of the transportation company’s stock valued at $3,484,000 after purchasing an additional 10,726 shares during the period. State Street Corp raised its stake in shares of Echo Global Logistics by 1.2% during the first quarter. State Street Corp now owns 727,918 shares of the transportation company’s stock valued at $15,540,000 after purchasing an additional 8,351 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Echo Global Logistics by 77.3% during the second quarter. State of Alaska Department of Revenue now owns 5,371 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 2,341 shares during the period. Institutional investors own 95.08% of the company’s stock.

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About Echo Global Logistics

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.

Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

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