UBS Group upgraded shares of Echo Global Logistics (NASDAQ:ECHO) from a sell rating to a neutral rating in a report released on Monday morning, www.benzinga.com reports. They currently have $33.00 target price on the transportation company’s stock.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Echo Global Logistics from a buy rating to a hold rating in a report on Thursday, January 11th. Stephens reaffirmed a buy rating and issued a $34.00 price objective on shares of Echo Global Logistics in a report on Wednesday, January 10th. Macquarie cut Echo Global Logistics from an outperform rating to a neutral rating in a report on Thursday, December 14th. Stifel Nicolaus reiterated a buy rating and issued a $31.00 price target (up previously from $25.00) on shares of Echo Global Logistics in a research note on Friday, December 8th. Finally, Barrington Research reiterated an outperform rating and issued a $26.00 price target (up previously from $18.00) on shares of Echo Global Logistics in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $26.30.

Echo Global Logistics (NASDAQ:ECHO) opened at $29.20 on Monday. The firm has a market capitalization of $847.00, a price-to-earnings ratio of -243.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.55. 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 fifty-two week low of $13.00 and a fifty-two week high of $32.95.

In related news, COO David B. Menzel sold 30,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was 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 approximately $4,426,905.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas R. Waggoner sold 25,160 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $23.91, for a total value of $601,575.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,160 shares of company stock worth $1,361,446. Corporate insiders own 8.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of ECHO. Granahan Investment Management Inc. MA grew its position in Echo Global Logistics by 1,669.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 840,893 shares of the transportation company’s stock worth $15,851,000 after acquiring an additional 793,366 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Echo Global Logistics during the 2nd quarter worth $14,062,000. Kornitzer Capital Management Inc. KS bought a new stake in Echo Global Logistics during the 3rd quarter worth $5,942,000. Dimensional Fund Advisors LP grew its position in Echo Global Logistics by 20.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,807,045 shares of the transportation company’s stock worth $35,960,000 after acquiring an additional 309,610 shares during the last quarter. Finally, Northern Trust Corp grew its position in Echo Global Logistics by 51.7% during the 2nd quarter. Northern Trust Corp now owns 623,201 shares of the transportation company’s stock worth $12,401,000 after acquiring an additional 212,341 shares during the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

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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.

Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

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