Echo Global Logistics, Inc. (ECHO)’s Trend Up, Especially After Today’s Strong Session

September 17, 2017 - By Vivian Currie

Investors sentiment decreased to 1 in Q4 2016. Its down 0.29, from 1.29 in 2016Q3. It is negative, 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.
782,763 are owned by Citadel Advisors Ltd Llc. Blackrock Fund accumulated 2.34M shares or 0.01% of the stock. Atria Investments Lc accumulated 0.02% or 9,965 shares. 3,144 were reported by Blackrock Incorporated. Blackrock reported 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). 6,160 are owned by Bancorp Of Montreal Can. Century Capital Limited Liability Co invested in 0.09% or 28,955 shares. Texas Permanent School Fund has 20,037 shares. 45,914 are owned by Legal General Group Public Limited Liability Corp. Schwab Charles Invest Mngmt reported 152,429 shares or 0% of all its holdings. Rice Hall James Assoc Llc, a California-based fund reported 585,635 shares. 3,590 were reported by Envestnet Asset Mgmt Inc. Bancorporation Of Ny Mellon has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO). Teachers Retirement System Of The State Of Kentucky accumulated 11,200 shares. State Common Retirement Fund accumulated 55,685 shares or 0% of the stock.

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.

Wall Street await Echo Global Logistics, Inc. (NASDAQ:ECHO) to release earnings on October, 25. Analysts forecast EPS of $0.15, down exactly $0.05 or 25.00 % from 2014’s $0.2 EPS. The expected ECHO’s profit could reach $4.28 million giving the stock 27.92 P/E in the case that $0.15 earnings per share is reported. After posting $0.12 EPS for the previous quarter, Echo Global Logistics, Inc.’s analysts now forecast 25.00 % EPS growth.

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. JP Morgan initiated the shares of ECHO in report on Monday, July 11 with “Overweight” rating. TheStreet downgraded the shares of ECHO in report on Friday, September 4 to “Hold” rating. The firm earned “Outperform” rating on Monday, October 31 by Barrington Research. The firm has “Buy” rating by Stifel Nicolaus given on Monday, July 17. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Neutral” rating given on Tuesday, December 20 by Susquehanna. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Outperform” rating by William Blair on Friday, August 21. As per Thursday, October 29, the company rating was upgraded by BB&T Capital. The stock has “Sell” rating by Zacks on Wednesday, September 2. Morgan Stanley downgraded the shares of ECHO in report on Monday, August 7 to “Equal-Weight” rating. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, August 18.

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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