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ECHO

Echo Global

$31.20

0.45 (1.46%)

16:12
07/25/18
07/25
16:12
07/25/18
16:12

Echo Global reports Q2 EPS 46c, consensus 39c

Reports Q2 revenue $634.8M, consensus $611.29M.

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    Sep

ECHO Echo Global
$31.20

0.45 (1.46%)

02/23/18
02/23/18
DOWNGRADE
Target $20

Underweight
Echo Global downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Ravi Shanker downgraded Echo Global to Underweight from Equal Weight, as he believes brokers like Echo deserve a "mid-teens multiple at best" as he thinks the mandate for electronic logging devices, or ELDs, will present a challenge to all brokers. Though Echo's high spot exposure may leave it somewhat better positioned than contract exposed peers, Shanker sees this as more than priced into the stock, he tells investors, adding that the market appears to be significantly underestimating the risk of shippers reducing their reliance on brokers altogether in 2018. Due largely to a 20% EPS increase from tax reform, Shanker increased his price target on Echo shares to $20 from $15.
02/23/18
02/23/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UPS (UPS) downgraded to Hold from Buy at Deutsche Bank with analyst Amit Mehrotra saying UPS's capex guidance was worse than even the most bearish expectations. 2. Echo Global (ECHO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Ravi Shanker saying he believes brokers like Echo deserve a "mid-teens multiple at best" as he thinks the mandate for electronic logging devices, or ELDs, will present a challenge to all brokers. 3. Ardagh Group (ARD) downgraded to Market Perform from Outperform at Wells Fargo with analyst Christopher Manuel saying he analyst now sees "limited capital redeployment options" for Ardagh over the next 24-36 months. 4. Acacia Communications (ACIA) downgraded to Neutral from Buy at MKM Partners and to Hold from Buy at DA Davidson and Needham. 5. Aegean Marine (ANW) downgraded to Hold from Buy at Stifel with analyst Benjamin Nolan saying the company's deal to buy the parent company of Hellenic Environmental Centers "takes the cake" in terms of questionable deals, adding "it is hard to even fathom how any transaction could possibly be worse." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/26/18
BRRR
04/26/18
NO CHANGE
BRRR
Echo Global price target raised to $37 from $35 at Barrington
Barrington analyst Kevin Steinke reiterated his Outperform rating on Echo Global and raised his price target to $37 from $35 following the company's Q1 results, that were well ahead of the firm's estimates, as well as management's commentary that "the current solid demand environment appears to be sustainable due to continued robust freight demand and supply constraints on truckload capacity."
06/19/18
STFL
06/19/18
INITIATION
Target $34
STFL
Buy
Echo Global resumed with a Buy at Stifel
Stifel analyst J. Bruce Chan resumed coverage of Echo Global with a Buy rating and $34 price target.

TODAY'S FREE FLY STORIES

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RIO

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VMW

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EYEN

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ET

Energy Transfer LP

$14.91

0.09 (0.61%)

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INNT

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LAMR

Lamar Advertising

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LMT

Lockheed Martin

$367.65

-1.81 (-0.49%)

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EGHT

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, FIVN

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TWLO

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VG

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GOOG

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MSFT

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AMZN

Amazon.com

$2,021.00

10.38 (0.52%)

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WTI

W&T Offshore

$4.83

0.13 (2.77%)

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W&T Offshore CEO buys 100K shares of common stock »

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SRT

StarTek

$7.10

0.04 (0.57%)

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VTVT

vTv Therapeutics

$1.37

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JBHT

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ARW

Arrow Electronics

$68.82

-0.15 (-0.22%)

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UBNK

United Financial

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-0.1 (-0.71%)

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  • 17

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TRWH

Twin River Worldwide

$28.90

-0.08 (-0.28%)

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HQY

HealthEquity

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-1.38 (-1.93%)

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TSS

TSYS

$133.45

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, GPN

Global Payments

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ECOR

electroCore

$1.61

0.01 (0.63%)

16:34
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Syndicate
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CFMS

Conformis

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-0.265 (-7.23%)

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  • 31

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VIAB

Viacom

$31.72

0.02 (0.06%)

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Viacom

$36.15

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VIAB

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CBS

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$53.37

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16:30
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Options
Preliminary option volume of 15.2M today »

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