Echo Global Logistics Inc. (NASDAQ:ECHO) announced its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.05.
Shares of Echo Global Logistics (NASDAQ:ECHO) traded down 1.02% during trading on Wednesday, hitting $24.25. 287,800 shares of the stock traded hands. The company has a market cap of $730.82 million and a PE ratio of 148.77. Echo Global Logistics has a one year low of $16.56 and a one year high of $32.95. The firm has a 50 day moving average price of $22.96 and a 200-day moving average price of $23.80.
Several analysts recently issued reports on ECHO shares. Zacks Investment Research upgraded Echo Global Logistics from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. started coverage on Echo Global Logistics in a report on Monday, July 11th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, Cowen and Company increased their price target on Echo Global Logistics from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 28th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.10.
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.
