Echo Global Logistics (ECHO) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 . Cowen advised their investors in a research report released on Apr 28, 2016.
On the company’s financial health, Echo Global Logistics reported $0.24 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.24. The company had revenue of $405.00 million for the quarter, compared to analysts expectations of $406.45 million. The company’s revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Echo Global Logistics closed down -0.69 points or -2.67% at $25.13 with 5,65,243 shares getting traded on Wednesday. Post opening the session at $25.87, the shares hit an intraday low of $24.87 and an intraday high of $26.405 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 11, 2016, Kyle Sauers (Chief Financial Officer) sold 16,765 shares at $25.53 per share price. According to the SEC, on Aug 19, 2015, Douglas R Waggoner (Chief Executive Officer) sold 8,000 shares at $24.99 per share price. On Mar 20, 2015, Bradley A Keywell (director) sold 35,000 shares at $27.17 per share price, according to the Form-4 filing with the securities and exchange commission.
Echo Global Logistics Inc. is a provider of technology-enabled transportation and supply chain management services delivered on a technology platform serving the transportation and logistics needs of its clients. The Company provides services across major transportation modes including truckload (TL) less-than-truckload (LTL) small parcel intermodal domestic air and international. The Company’s core logistics services include rate negotiation shipment execution and tracking carrier selection and management routing compliance freight bill audit and payment and performance management and reporting functions including executive dashboard tools. It procures transportation and provides logistics services for clients across industries such as manufacturing construction consumer products and retail.