Stock To Watch: Echo Global Logistics, Inc. (NASDAQ:ECHO)


The leading market experts have placed a mean price target of $29.82 on Echo Global Logistics, Inc. (NASDAQ:ECHO) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.36 a share for the upcoming quarter and $1.22 for the current fiscal. Technical View The technical analysis of Echo Global Logistics, Inc. plainly substantiates that the 50-day moving average of Echo Global Logistics, Inc. is $22.71, and stock is hovering 1.34 or +5.91% distant from $22.71. It is noted that the 200-day MA is $23.60, and Echo Global Logistics, Inc. stock is $0.45 or +1.90% off from this point. Echo Global Logistics, Inc. (NASDAQ:ECHO) 52-week high is $33.28 and the 52-week low is $16.56. This explains if the stock moves $-9.23, it will post a 52-week high. In event of $+45.23% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Echo Global Logistics, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Echo Global Logistics, Inc. (NASDAQ:ECHO) ratio came in at 147.55. The stock last ended the trading session at $24.05 and registered a market cap of $724.79M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Echo Global Logistics, Inc. (NASDAQ:ECHO) PEG ratio is at 0.87.

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