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 43.6% and is now trading at $22.28. View which stocks have been most impacted by Coronavirus.

10 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Echo Global Logistics.

Echo Global Logistics is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Echo Global Logistics.

Echo Global Logistics, Inc. (NASDAQ:ECHO) issued its earnings results on Wednesday, April, 22nd. The transportation company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.19. The transportation company earned $551 million during the quarter, compared to the consensus estimate of $550.89 million. Echo Global Logistics had a net margin of 0.38% and a return on equity of 6.57%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. View Echo Global Logistics' earnings history.

Echo Global Logistics issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, April, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $450-500 million, compared to the consensus revenue estimate of $519.81 million.

10 brokerages have issued twelve-month target prices for Echo Global Logistics' shares. Their forecasts range from $16.00 to $29.00. On average, they expect Echo Global Logistics' stock price to reach $21.60 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View analysts' price targets for Echo Global Logistics.

News coverage about ECHO stock has been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Echo Global Logistics earned a news impact score of 3.0 on InfoTrie's scale. They also gave media headlines about the transportation company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutEcho Global Logistics.

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). View all competitors.

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.81%), ArrowMark Colorado Holdings LLC (5.37%), State Street Corp (3.54%), JPMorgan Chase & Co. (3.34%), Rice Hall James & Associates LLC (3.27%) and Rice Hall James & Associates LLC (3.27%). 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 BlackRock Inc., JPMorgan Chase & Co., Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, North Star Asset Management Inc., Guggenheim Capital LLC, Summit Creek Advisors LLC, and Two Sigma Advisers LP. View insider buying and selling activity for Echo Global Logistics.

ECHO stock was acquired by a variety of institutional investors in the last quarter, including Scopus Asset Management L.P., RK Capital Management LLC, ArrowMark Colorado Holdings LLC, State Street Corp, Nuveen Asset Management LLC, Alliancebernstein L.P., Geode Capital Management LLC, and Taylor Frigon Capital Management LLC. 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 $22.28.

Echo Global Logistics has a market capitalization of $592.87 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]