Echo Global Logistics Inc (NASDAQ:ECHO): Stock Institutional Investors Feel Good About

April 17, 2018 - By Winifred Garcia

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

Sentiment for Echo Global Logistics Inc (NASDAQ:ECHO)

Echo Global Logistics Inc (NASDAQ:ECHO) institutional sentiment increased to 1.26 in 2017 Q4. Its up 0.09, from 1.17 in 2017Q3. The ratio has improved, as 77 funds started new or increased equity positions, while 61 trimmed and sold stock positions in Echo Global Logistics Inc. The funds in our partner’s database reported: 26.25 million shares, up from 25.35 million shares in 2017Q3. Also, the number of funds holding Echo Global Logistics Inc in their top 10 equity positions increased from 0 to 3 for an increase of 3. Sold All: 8 Reduced: 53 Increased: 35 New Position: 42.

Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. The company has market cap of $843.54 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 66.89 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.

The stock increased 4.51% or $1.3 during the last trading session, reaching $30.1. About 449,585 shares traded or 7.82% up from the average. Echo Global Logistics, Inc. (NASDAQ:ECHO) has risen 28.61% since April 17, 2017 and is uptrending. It has outperformed by 17.06% the S&P500.

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on April, 25. They expect $0.19 earnings per share, up 533.33 % or $0.16 from last year’s $0.03 per share. ECHO’s profit will be $5.32 million for 39.61 P/E if the $0.19 EPS becomes a reality. After $0.29 actual earnings per share reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts -34.48 % negative EPS growth.

Rutabaga Capital Management Llc Ma holds 3.45% of its portfolio in Echo Global Logistics, Inc. for 535,826 shares. Taylor Frigon Capital Management Llc owns 106,370 shares or 2.42% of their US portfolio. Moreover, Next Century Growth Investors Llc has 2.17% invested in the company for 624,758 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 2.15% in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 309,450 shares.#img1#

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

Ratings analysis reveals 56% of Echo Global Logistics’s analysts are positive. Out of 9 Wall Street analysts rating Echo Global Logistics, 5 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $15 while the high is $40.0. The stock’s average target of $29.33 is -2.56% below today’s ($30.1) share price. ECHO was included in 16 notes of analysts from October 26, 2017. Morgan Stanley maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Thursday, October 26 with “Equal-Weight” rating. The rating was maintained by Stephens with “Buy” on Monday, January 8. Susquehanna maintained the shares of ECHO in report on Monday, April 16 with “Buy” rating. As per Wednesday, February 7, the company rating was maintained by Susquehanna. UBS upgraded the shares of ECHO in report on Monday, January 29 to “Hold” rating. UBS maintained the shares of ECHO in report on Thursday, October 26 with “Sell” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Buy” rating given on Thursday, February 8 by Stephens. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, December 8. Credit Suisse maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) rating on Thursday, February 8. Credit Suisse has “Neutral” rating and $30 target. The firm has “Buy” rating given on Thursday, October 26 by Stifel Nicolaus.

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

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