FBR Capital Initiates Coverage on Echo Global Logistics (ECHO)
Analysts at FBR Capital (NASDAQ: FBCM) started coverage on shares of Echo Global Logistics (NASDAQ: ECHO) in a research report issued to clients and investors on Thursday. The firm set an “outperform” rating and a $20.00 price target on the stock.
Separately, analysts at Stifel Nicolaus upgraded shares of Echo Global Logistics from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 5th. They now have a $20.00 price target on the stock.
Echo Global Logistics traded down 1.53% on Thursday, hitting $16.75. Echo Global Logistics has a 1-year low of $11.42 and a 1-year high of $19.38. The company has a market cap of $381.1 million and a price-to-earnings ratio of 29.33.
Echo Global Logistics last released its earnings data on Thursday, April 26th. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. Echo Global Logistics’s revenue was up 30.3% compared to the same quarter last year. Analysts expect that Echo Global Logistics will post $0.20 EPS next quarter.
Echo Global Logistics, Inc., (Echo) is a provider of technology enabled transportation and supply chain management services.