Media coverage about Echo Global Logistics (NASDAQ:ECHO) has trended positive recently, Alpha One reports. The research group, a division of Accern, identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Echo Global Logistics earned a news impact score of 0.28 on Alpha One’s scale. Alpha One also assigned news articles about the transportation company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne’s scoring:
- Echo Global Logistics (ECHO) vs. Roadrunner Transportation Systems (RRTS) Financial Review (americanbankingnews.com)
- Echo Global Logistics, Inc. (ECHO) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Energy Transfer Partners, LP (ETP) Trades at New 52-Week High (healthcaremenu.net)
- Echo Global Logistics, Inc. (ECHO) Short Interest Down 0.2% in May (americanbankingnews.com)
Shares of Echo Global Logistics (ECHO) traded down 1.47% on Monday, hitting $20.10. The company had a trading volume of 136,067 shares. The stock’s market cap is $585.83 million. Echo Global Logistics has a 12 month low of $17.90 and a 12 month high of $28.90. The company has a 50-day moving average of $19.13 and a 200 day moving average of $22.17.
Echo Global Logistics (NASDAQ:ECHO) last issued its quarterly earnings results on Wednesday, April 26th. The transportation company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by $0.01. Echo Global Logistics had a positive return on equity of 3.65% and a negative net margin of 0.09%. The business had revenue of $415.80 million for the quarter, compared to analyst estimates of $417.30 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts anticipate that Echo Global Logistics will post $0.86 EPS for the current fiscal year.
ECHO has been the topic of a number of analyst reports. Cowen and Company lowered their price objective on Echo Global Logistics from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Susquehanna Bancshares Inc raised Echo Global Logistics from a “neutral” rating to a “positive” rating in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.80.
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In other news, COO David B. Menzel sold 10,000 shares of Echo Global Logistics stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $19.48, for a total transaction of $194,800.00. Following the completion of the sale, the chief operating officer now owns 163,141 shares in the company, valued at approximately $3,177,986.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.10% of the stock is owned by insiders.
About Echo Global Logistics
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.
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