Could Echo Global Logistics, Inc. (ECHO) Rise Even More? The Stock Had Another Big Increase Today

September 17, 2017 - By Stephen Andrade

Investors sentiment decreased to 1 in Q4 2016. Its down 0.29, from 1.29 in 2016Q3. It fall, as 26 investors sold Echo Global Logistics, Inc. shares while 41 reduced holdings. 22 funds opened positions while 45 raised stakes. 25.15 million shares or 0.33% less from 25.24 million shares in 2016Q3 were reported.
Loomis Sayles And Ltd Partnership, a Massachusetts-based fund reported 513,898 shares. Icon Advisers has 114,636 shares for 0.19% of their portfolio. Kbc Grp Nv accumulated 0% or 12,776 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 977 shares. Alliancebernstein L P holds 33,420 shares. California State Teachers Retirement System reported 0% stake. North Star Asset holds 1.12% or 406,280 shares in its portfolio. 605,240 were reported by Ami Asset Mgmt Corporation. Moreover, Cardinal Cap Management Limited Co Ct has 0.05% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 44,665 shares. Bessemer Gru holds 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 307 shares. Deutsche Fincl Bank Ag has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Amer Interest Inc reported 20,861 shares or 0% of all its holdings. Bluecrest Capital Limited accumulated 0.02% or 12,800 shares. Nationwide Fund reported 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Stifel has invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO).

The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) is a huge mover today! The stock increased 5.68% or $0.9 on September 15, reaching $16.75. About 760,675 shares traded or 74.93% up from the average. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since September 17, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.
The move comes after 5 months positive chart setup for the $477.95 million company. It was reported on Sep, 17 by Barchart.com. We have $18.09 PT which if reached, will make NASDAQ:ECHO worth $38.24M more.

Investors wait Echo Global Logistics, Inc. (NASDAQ:ECHO) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.15 EPS, down $0.05 or 25.00 % from last year’s $0.2 same quarter earnings. This translates into $4.28M profit for ECHO giving the stock a 27.92 P/E. This is assuming the current $0.15 EPS is accurate. Echo Global Logistics, Inc.’s Wall Street analysts see 25.00 % EPS growth, taking into account the $0.12 EPS reproted in the previous quarter,

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

Among 12 analysts covering Echo Global Logistics (NASDAQ:ECHO), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. Echo Global Logistics had 24 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Macquarie Research on Tuesday, August 11. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, August 7 report. Cowen & Co maintained the shares of ECHO in report on Tuesday, October 27 with “Outperform” rating. The rating was maintained by Cowen & Co on Wednesday, August 30 with “Buy”. On Friday, August 21 the stock rating was maintained by William Blair with “Outperform”. The company was downgraded on Friday, August 21 by Zacks. Stifel Nicolaus maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) rating on Wednesday, December 9. Stifel Nicolaus has “Buy” rating and $28 target. The rating was initiated by Susquehanna with “Neutral” on Tuesday, December 20. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Hold” rating by TheStreet on Friday, September 4. The firm earned “Sell” rating on Friday, July 28 by UBS.

More recent Echo Global Logistics, Inc. (NASDAQ:ECHO) news were published by: Seekingalpha.com which released: “Echo Global Logistics (ECHO) Q4 2016 Results – Earnings Call Transcript” on February 09, 2017. Also Seekingalpha.com published the news titled: “Echo Global Logistics (ECHO) Q2 2017 Results – Earnings Call Transcript” on July 28, 2017. Seekingalpha.com‘s news article titled: “Echo Global Logistics’ (ECHO) Q1 2017 Results – Earnings Call Transcript” with publication date: April 27, 2017 was also an interesting one.

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The company has market cap of $477.95 million. The Firm utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. It currently has negative earnings. The Firm focuses primarily on arranging transportation by truckload and less than truckload (LTL) carriers.

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