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


The leading market experts have placed a mean price target of $29.50 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 $0.28 a share for the upcoming quarter and $1.21 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 $24.91, and stock is trading $0.86 points away or +3.46% from its 50-day moving average of $24.91. Further it is trading $1.30 or +5.30% away its 200-day moving average of $24.47. Echo Global Logistics, Inc. (NASDAQ:ECHO) 52-week high is $28.49 and the 52-week low is $16.56.

This explains if the stock moves $-2.72, it will post a 52-week high. In event of +55.62% 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 105.18.

The stock last ended the trading session at $25.77 and registered a market cap of $755.22M. 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 0.98.

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