Is Electronic Clearing House Inc (NASDAQ:ECHO) Going to Burn These Institutional Investors?

April 17, 2018 - By Maria Brooks

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

Sentiment for Electronic Clearing House Inc (NASDAQ:ECHO)

Electronic Clearing House Inc (NASDAQ:ECHO) institutional sentiment increased to 1.26 in 2017 Q4. Its up 0.09, from 1.17 in 2017Q3. The ratio improved, as 77 active investment managers opened new or increased holdings, while 61 decreased and sold their equity positions in Electronic Clearing House Inc. The active investment managers in our partner’s database now own: 26.25 million shares, up from 25.35 million shares in 2017Q3. Also, the number of active investment managers holding Electronic Clearing House Inc in their top 10 holdings 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 EPS, up 533.33 % or $0.16 from last year’s $0.03 per share. ECHO’s profit will be $5.32 million for 39.61 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.

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. The rating was downgraded by Morgan Stanley to “Underweight” on Friday, February 23. As per Monday, April 16, the company rating was maintained by Susquehanna. The rating was maintained by Cowen & Co on Thursday, October 26 with “Buy”. Credit Suisse maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) rating on Thursday, February 8. Credit Suisse has “Neutral” rating and $30 target. The firm earned “Buy” rating on Thursday, October 26 by Stifel Nicolaus. On Monday, January 8 the stock rating was maintained by Stephens with “Buy”. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Buy” rating given on Thursday, February 8 by Stephens. The firm has “Neutral” rating given on Thursday, October 26 by Credit Suisse. The firm has “Buy” rating given on Monday, January 8 by Susquehanna. The stock has “Buy” rating by Stifel Nicolaus on Friday, December 8.

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

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