NASDAQ:ECHO - Echo Global Logistics Stock Price, Forecast & News

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

Echo Global Logistics, Inc. (NASDAQ:ECHO) issued its quarterly earnings results on Wednesday, February, 5th. The transportation company reported $0.26 EPS for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.02. The transportation company earned $531.70 million during the quarter, compared to the consensus estimate of $520.39 million. Echo Global Logistics's quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. View Echo Global Logistics' Earnings History.

Echo Global Logistics is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Echo Global Logistics.

Echo Global Logistics updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.25-2.45 billion, compared to the consensus revenue estimate of $2.24 billion.

8 equities research analysts have issued 12 month price objectives for Echo Global Logistics' shares. Their forecasts range from $21.00 to $29.00. On average, they expect Echo Global Logistics' share price to reach $25.38 in the next year. This suggests a possible upside of 22.7% from the stock's current price. View Analyst Price Targets for Echo Global Logistics.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Echo Global Logistics in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Echo Global Logistics.

News headlines about ECHO stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Echo Global Logistics earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned media coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Echo Global Logistics.

Echo Global Logistics saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,780,000 shares, a decline of 10.6% from the January 15th total of 1,990,000 shares. Based on an average daily volume of 225,300 shares, the days-to-cover ratio is currently 7.9 days. Currently, 6.7% of the company's stock are short sold. View Echo Global Logistics' Current Options Chain.

Some companies that are related to Echo Global Logistics include Air Transport Services Group (ATSG), Atlas Air Worldwide (AAWW), C.H. Robinson Worldwide (CHRW), Expeditors International of Washington (EXPD), FedEx (FDX), Forward Air (FWRD), Hub Group (HUBG), Park-Ohio (PKOH), United Parcel Service (UPS) and XPO Logistics (XPO).

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), NVIDIA (NVDA), Cypress Semiconductor (CY), Electronic Arts (EA), Intel (INTC), Alibaba Group (BABA), AT&T (T), Activision Blizzard (ATVI) and Micron Technology (MU).

Echo Global Logistics' stock is owned by many different of retail and institutional investors. Top institutional investors include ArrowMark Colorado Holdings LLC (4.80%), Rice Hall James & Associates LLC (3.65%), State Street Corp (3.21%), Goldman Sachs Group Inc. (2.65%), North Star Asset Management Inc. (1.63%) and Charles Schwab Investment Management Inc. (1.28%). Company insiders that own Echo Global Logistics stock include David B Menzel, Douglas R Waggoner, Kyle Sauers and Peter Rogers. View Institutional Ownership Trends for Echo Global Logistics.

ECHO stock was sold by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Acadian Asset Management LLC, Rice Hall James & Associates LLC, North Star Asset Management Inc., Isthmus Partners LLC, Pinebridge Investments L.P., Arizona State Retirement System and Hancock Whitney Corp. View Insider Buying and Selling for Echo Global Logistics.

ECHO stock was purchased by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Bank of Montreal Can, Renaissance Technologies LLC, Goldman Sachs Group Inc., State Street Corp, Jacobs Levy Equity Management Inc., Barrow Hanley Mewhinney & Strauss LLC and Oxford Asset Management LLP. View Insider Buying and Selling 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 $20.68.