Analysts Offer Insights on Conglomerates Companies: Echo Global Logistics (NASDAQ: ECHO), Old Dominion Freight (NASDAQ: ODFL) and Regal Beloit (NYSE: RBC)

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Echo Global Logistics (ECHOResearch Report), Old Dominion Freight (ODFLResearch Report) and Regal Beloit (RBCResearch Report).

Echo Global Logistics (ECHO)

In a report released today, Jack Atkins from Stephens maintained a Buy rating on Echo Global Logistics, with a price target of $45.00. The company’s shares closed last Wednesday at $27.84.

According to TipRanks.com, Atkins is a 4-star analyst with an average return of 9.5% and a 54.8% success rate. Atkins covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Heartland Express, and XPO Logistics.

Currently, the analyst consensus on Echo Global Logistics is a Moderate Buy with an average price target of $36.00.

See today’s analyst top recommended stocks >>

Old Dominion Freight (ODFL)

In a report released today, Allison Landry from Credit Suisse maintained a Hold rating on Old Dominion Freight, with a price target of $268.00. The company’s shares closed last Wednesday at $259.03.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 15.8% and a 66.8% success rate. Landry covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Expeditors International, and Knight Transportation.

Old Dominion Freight has an analyst consensus of Moderate Buy, with a price target consensus of $274.63, implying an 8.4% upside from current levels. In a report issued on July 15, Wolfe Research also downgraded the stock to Hold.

Regal Beloit (RBC)

KeyBanc analyst Jeffrey Hammond maintained a Buy rating on Regal Beloit today and set a price target of $175.00. The company’s shares closed last Wednesday at $136.10.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 13.9% and a 62.3% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Gates Industrial, Generac Holdings, and Parker Hannifin.

Currently, the analyst consensus on Regal Beloit is a Strong Buy with an average price target of $176.00.

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.