NASDAQ:ECHOEcho Global Logistics Stock Price, Forecast & News

Echo Global Logistics' stock was trading at $15.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ECHO stock has increased by 36.9% and is now trading at $21.24. 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) released its quarterly earnings results on Wednesday, April, 22nd. The transportation company reported $0.19 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.19. The transportation company earned $551 million during the quarter, compared to analyst estimates of $550.89 million. Echo Global Logistics had a return on equity of 6.57% and a net margin of 0.38%. The company's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm 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 earnings per share 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 equities research analysts have issued twelve-month price targets for Echo Global Logistics' stock. Their forecasts range from $16.00 to $29.00. On average, they expect Echo Global Logistics' stock price to reach $21.70 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts' price targets for Echo Global Logistics.

Headlines about ECHO stock have been trending very negative on Thursday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest 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 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutEcho Global Logistics.

Echo Global Logistics saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,610,000 shares, a decline of 9.0% from the March 31st total of 1,770,000 shares. Based on an average trading volume of 265,400 shares, the short-interest ratio is currently 6.1 days. Approximately 6.2% of the company's shares are short sold. View Echo Global Logistics' Current Options Chain.

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 institutional and retail 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 Scopus Asset Management L.P. (2.05%). 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, North Star Asset Management Inc., Summit Creek Advisors LLC, Two Sigma Advisers LP, AQR Capital Management LLC, and Pacer Advisors Inc.. 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 $21.24.

Echo Global Logistics has a market capitalization of $565.30 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]