Echo Global Logistics (ECHO) Gets a Buy Rating from Barrington

In a report released today, Kevin Steinke from Barrington reiterated a Buy rating on Echo Global Logistics (ECHOResearch Report), with a price target of $45.00. The company’s shares closed last Tuesday at $31.78.

According to TipRanks.com, Steinke is a 4-star analyst with an average return of 13.8% and a 55.3% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Heidrick & Struggles.

Currently, the analyst consensus on Echo Global Logistics is a Moderate Buy with an average price target of $39.33, a 27.7% upside from current levels. In a report issued on July 29, Stephens also maintained a Buy rating on the stock with a $45.00 price target.

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The company has a one-year high of $37.65 and a one-year low of $24.43. Currently, Echo Global Logistics has an average volume of 217.2K.

Based on the recent corporate insider activity of 19 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.

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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. 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.