Analysts’ Opinions Are Mixed on These Services Stocks: Echo Global Logistics (ECHO) and Clear Channel Outdoor (CCO)


Analysts have been eager to weigh in on the Services sector with new ratings on Echo Global Logistics (ECHO) and Clear Channel Outdoor (CCO).

Echo Global Logistics (ECHO)

Barrington analyst Kevin Steinke maintained a Buy rating on Echo Global Logistics today and set a price target of $33. The company’s shares closed yesterday at $24.03.

Steinke observed:

“We forecast gross revenue of $587.7 million (+7.3% YOY). Guidance is $570-610 million (up 4-11% FactSet consensus is $587.1 million. On its Q3/18 conference call on Echo noted that revenue was up 8% YOY through the first few weeks of Q4/18, supported by a 4% increase in revenue per truckload (TL) shipment. This rate of increase in revenue per TL shipment represented further moderation from the 10% year-over-year increase in September 2018. During the last two months of Q4/18, weekly van rates published by DAT Trendlines moderated from October levels and were essentially flat YOY on average versus the final two months of Q4/17, which could indicate further pressure on revenue per TL shipment. As such, meeting our gross revenue estimate would be more dependent on shipment growth.”

According to TipRanks.com, Steinke is a 1-star analyst with an average return of -2.8% and a 45.6% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heidrick & Struggles, and Navigant Consulting.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Echo Global Logistics with a $27.67 average price target.

See today’s analyst top recommended stocks >>

Clear Channel Outdoor (CCO)

Barrington analyst James Goss maintained a Hold rating on Clear Channel Outdoor today. The company’s shares closed yesterday at $5.39.

Goss wrote:

“We maintain our MARKET PERFORM investment rating: Outdoor advertising maintains advantages in terms of cutting through the clutter, but cost issues have posed a challenge. Removal of structural uncertainties involving iHeartMedia is a huge positive. Holdings, Inc. is an outdoor advertising company, which engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates its business through the Outdoor segment. The Americas segment includes the America, which comprises of printed and digital billboards, street furniture and transit displays, airport displays and wallscapes, and other spectaculars.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.8% and a 61.4% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

Clear Channel Outdoor has an analyst consensus of Hold.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts