Barrington analyst Kevin Steinke reiterated a Buy rating on Echo Global Logistics (ECHO – Research Report) today and set a price target of $37.00. The company’s shares closed last Thursday at $28.48, close to its 52-week high of $31.30.
According to TipRanks.com, Steinke is a 4-star analyst with an average return of 10.1% and a 55.9% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Sharps Compliance, and Icf International.
Echo Global Logistics has an analyst consensus of Moderate Buy, with a price target consensus of $36.33, representing a 27.6% upside. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $40.00 price target.
The company has a one-year high of $31.30 and a one-year low of $14.17. Currently, Echo Global Logistics has an average volume of 169.5K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ECHO in relation to earlier this year. Most recently, in December 2020, Peter Rogers, the CFO of ECHO sold 900 shares for a total of $24,831.
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.
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. It also focuses on transportation with arrangements truckload and less than truck load carriers, and also offers small parcel, inter-modal, domestic air, expedited and international transportation services. The company was founded by Bradley A. Keywell and Eric P. Lefkofsky in January 2005 and is headquartered in Chicago, IL.