Echo Global Logistics (ECHO) Gets a Buy Rating from Cowen & Co.
Cowen & Co. analyst Jason Seidl maintained a Buy rating on Echo Global Logistics (ECHO) today and set a price target of $33. The company’s shares closed yesterday at $25.81.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 17.6% and a 77.1% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Knight Transportation.
Echo Global Logistics has an analyst consensus of Moderate Buy, with a price target consensus of $29, which is a 12.4% upside from current levels. In a report issued on April 18, Barrington also maintained a Buy rating on the stock with a $29 price target.
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Based on Echo Global Logistics’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $6.94 million. In comparison, last year the company had a net profit of $4.73 million.
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Echo Global Logistics, Inc. engages in the provision of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform serving the transportation and logistics needs of its clients.