Echo International Logistics, Inc. (NASDAQ:ECHO) has been assigned a consensus score of “Maintain” from the 13 scores companies which might be presently overlaying the corporate, MarketBeat studies. Two equities analysis analysts have rated the inventory with a promote suggestion, 5 have assigned a maintain suggestion and 6 have given a purchase suggestion to the corporate. The typical 1-year goal worth amongst brokerages which have coated the inventory within the final yr is $23.22.
ECHO has been the subject of a number of current analyst stories. Zacks Investment Research raised shares of Echo International Logistics from a “promote” score to a “maintain” score in a report on Monday, October 2nd. BidaskClub lowered shares of Echo International Logistics from a “promote” score to a “robust promote” score in a report on Monday, July 31st. Barrington Analysis reissued an “outperform” score and issued a $26.00 goal worth (up from $18.00) on shares of Echo International Logistics in a report on Monday, October 30th. Cowen and Firm restated a “purchase” score and issued a $19.00 worth goal on shares of Echo International Logistics in a analysis notice on Friday, September 1st. Lastly, UBS AG raised their worth goal on shares of Echo International Logistics from $13.00 to $19.00 and gave the corporate a “promote” score in a analysis notice on Thursday, October 26th.
In associated information, COO David B. Menzel bought 57,500 shares of Echo International Logistics inventory in a transaction that occurred on Wednesday, November 1st. The shares have been bought at a mean worth of $23.91, for a complete transaction of $1,374,825.00. Following the sale, the chief working officer now immediately owns 187,822 shares within the firm, valued at roughly $four,490,824.02. The transaction was disclosed in a submitting with the SEC, which may be accessed via this link. Additionally, Director Samuel Okay. Skinner bought 120,00zero shares of Echo International Logistics inventory in a transaction that occurred on Thursday, November 2nd. The inventory was bought at a mean worth of $23.51, for a complete transaction of $2,821,200.00. Following the sale, the director now owns 24,346 shares within the firm, valued at $572,374.46. The disclosure for this sale may be discovered here. During the last 90 days, insiders bought 223,660 shares of firm inventory value $5,299,371. eight.10% of the inventory is at present owned by company insiders.
Giant buyers have just lately purchased and bought shares of the inventory. State of Alaska Division of Income boosted its place in Echo International Logistics by 77.three% in the course of the 2nd quarter. State of Alaska Division of Income now owns 5,371 shares of the transportation firm’s inventory value $106,00zero after shopping for a further 2,341 shares through the interval. Municipal Staff Retirement System of Michigan boosted its place in Echo International Logistics by four.2% through the 2nd quarter. Municipal Staff Retirement System of Michigan now owns 6,450 shares of the transportation firm’s inventory value $128,00zero after shopping for a further 260 shares through the interval. SG Americas Securities LLC boosted its place in Echo International Logistics by 22.5% in the course of the 2nd quarter. SG Americas Securities LLC now owns 6,894 shares of the transportation firm’s inventory value $137,00zero after shopping for a further 1,266 shares through the interval. BNP Paribas Arbitrage SA boosted its place in Echo International Logistics by 63.three% in the course of the 2nd quarter. BNP Paribas Arbitrage SA now owns eight,099 shares of the transportation firm’s inventory value $161,00zero after shopping for a further three,139 shares through the interval. Lastly, Crossmark International Holdings Inc. acquired a brand new stake in Echo International Logistics through the third quarter value roughly $207,00zero. Institutional buyers and hedge funds personal 90.72% of the corporate’s inventory.
Echo International Logistics (NASDAQ:ECHO) opened at $23.95 on Thursday. The corporate has a fast ratio of 1.40, a present ratio of 1.40 and a debt-to-equity ratio of zero.61. Echo International Logistics has a 1-year low of $13.00 and a 1-year excessive of $28.90. The corporate has a market cap of $672.57, a PE ratio of 58.78, a price-to-earnings-growth ratio of two.80 and a beta of 1.51.
Echo International Logistics (NASDAQ:ECHO) final launched its earnings outcomes on Wednesday, October 25th. The transportation firm reported $zero.27 EPS for the quarter, beating the consensus estimate of $zero.18 by $zero.09. Echo International Logistics had a destructive internet margin of zero.20% and a constructive return on fairness of three.29%. The agency had income of $509.50 million for the quarter, in comparison with analyst estimates of $473.44 million. Throughout the identical interval final yr, the agency earned $zero.25 EPS. The enterprise’s quarterly income was up 10.7% in comparison with the identical quarter final yr. equities analysis analysts predict that Echo International Logistics will submit zero.49 earnings per share for the present yr.
Echo International Logistics Firm Profile
Echo International Logistics, Inc is a supplier of technology-enabled transportation and provide chain administration options. The Firm makes use of a know-how platform to compile and analyze knowledge from its multi-modal community of transportation suppliers to facilitate its transportation and logistics providers.
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