Echo Global Logistics (NASDAQ:ECHO) had its price target cut by Barrington Research from $29.00 to $25.00 in a research note published on Friday morning, The Fly reports. They currently have an outperform rating on the transportation company’s stock. The analysts noted that the move was a valuation call.

ECHO has been the topic of a number of other reports. Cowen reaffirmed a hold rating and set a $119.00 target price on shares of Landstar System in a research report on Thursday. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Morgan Stanley set a $36.00 target price on ArcBest and gave the stock a hold rating in a research report on Monday, July 8th. Susquehanna Bancshares lowered Echo Global Logistics from a positive rating to a neutral rating in a research report on Wednesday, April 10th. Finally, TheStreet raised Viacom from a c+ rating to a b- rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Echo Global Logistics has an average rating of Hold and an average price target of $27.30.

Shares of ECHO traded up $0.09 during midday trading on Friday, reaching $21.42. The stock had a trading volume of 369,873 shares, compared to its average volume of 234,461. Echo Global Logistics has a 52 week low of $18.00 and a 52 week high of $36.75. The company has a quick ratio of 1.44, a current ratio of 1.33 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $19.85. The firm has a market cap of $595.04 million, a P/E ratio of 13.22, a P/E/G ratio of 0.80 and a beta of 1.94.

Echo Global Logistics (NASDAQ:ECHO) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $553.78 million for the quarter, compared to analyst estimates of $572.60 million. Echo Global Logistics had a return on equity of 11.03% and a net margin of 1.07%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Echo Global Logistics will post 1.51 earnings per share for the current year.

Several hedge funds have recently modified their holdings of ECHO. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Echo Global Logistics by 46.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,626 shares of the transportation company’s stock valued at $65,000 after buying an additional 828 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in shares of Echo Global Logistics during the second quarter valued at $119,000. BNP Paribas Arbitrage SA grew its holdings in shares of Echo Global Logistics by 1,316.8% during the first quarter. BNP Paribas Arbitrage SA now owns 5,823 shares of the transportation company’s stock valued at $144,000 after buying an additional 5,412 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Echo Global Logistics during the fourth quarter valued at $165,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Echo Global Logistics by 388.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,186 shares of the transportation company’s stock valued at $187,000 after buying an additional 7,304 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.

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Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

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