NASDAQ:ECHOEcho Global Logistics Stock Price, Forecast & News

Echo Global Logistics' stock was trading at $15.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ECHO stock has increased by 65.5% and is now trading at $25.69.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Echo Global Logistics is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Echo Global Logistics, Inc. (NASDAQ:ECHO) announced its earnings results on Wednesday, July, 22nd. The transportation company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.16. The transportation company earned $514.72 million during the quarter, compared to analysts' expectations of $466.76 million. Echo Global Logistics had a net margin of 0.20% and a return on equity of 5.11%.
View Echo Global Logistics' earnings history.

Echo Global Logistics updated its third quarter 2020 After-Hours earnings guidance on Wednesday, July, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $565-615 million, compared to the consensus revenue estimate of $517.93 million.

11 Wall Street analysts have issued twelve-month price targets for Echo Global Logistics' stock. Their forecasts range from $19.00 to $30.00. On average, they expect Echo Global Logistics' share price to reach $25.09 in the next year. This suggests that the stock has a possible downside of 2.3%.
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News coverage about ECHO stock has been trending somewhat positive on Wednesday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Echo Global Logistics earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the transportation company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.
View the latest news about Echo Global Logistics.

Echo Global Logistics saw a drop in short interest in July. As of July 15th, there was short interest totaling 992,300 shares, a drop of 15.9% from the June 30th total of 1,180,000 shares. Based on an average daily trading volume, of 245,100 shares, the short-interest ratio is currently 4.0 days. Approximately 3.8% of the shares of the stock are sold short.
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Some companies that are related to Echo Global Logistics include United Parcel Service (UPS), FedEx (FDX), Expeditors International of Washington (EXPD), C.H. Robinson Worldwide (CHRW), XPO Logistics (XPO), Hub Group (HUBG), Forward Air (FWRD), Air Transport Services Group (ATSG), Atlas Air Worldwide (AAWW) and Park-Ohio (PKOH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Echo Global Logistics investors own include Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Electronic Arts (EA), AT&T (T), Ford Motor (F), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA) and Oasis Petroleum (OAS).

Echo Global Logistics trades on the NASDAQ under the ticker symbol "ECHO."

Echo Global Logistics' stock is owned by many different institutional and retail investors. Top institutional investors include Emerald Advisers LLC (2.42%), Emerald Mutual Fund Advisers Trust (2.21%), Summit Creek Advisors LLC (1.69%), North Star Asset Management Inc. (0.81%), Taylor Frigon Capital Management LLC (0.40%) and First Trust Advisors LP (0.23%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner and Peter Rogers.
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ECHO stock was sold by a variety of institutional investors in the last quarter, including North Star Asset Management Inc., UBS Group AG, Stone Ridge Asset Management LLC, Hancock Whitney Corp, Envestnet Asset Management Inc., Rothschild Investment Corp IL, and Texas Permanent School Fund.
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ECHO stock was bought by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Summit Creek Advisors LLC, SG Americas Securities LLC, First Quadrant L P CA, Zurcher Kantonalbank Zurich Cantonalbank , First Trust Advisors LP, and New York State Teachers Retirement System.
View insider buying and selling activity for Echo Global Logistics.

Shares of ECHO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ECHO stock can currently be purchased for approximately $25.69.

Echo Global Logistics has a market capitalization of $683.61 million and generates $2.18 billion in revenue each year. The transportation company earns $14.85 million in net income (profit) each year or $1.15 on an earnings per share basis. Echo Global Logistics employs 2,539 workers across the globe.

The official website for Echo Global Logistics is www.echo.com.

Echo Global Logistics' mailing address is 600 WEST CHICAGO AVENUE SUITE 725, CHICAGO IL, 60654. The transportation company can be reached via phone at 800-354-7993 or via email at [email protected]