Echo Global Logistics Receives Composite Rating Upgrade

Echo Global Logistics (ECHO) saw its IBD SmartSelect Composite Rating jump to 99 Monday, up from 89 the day before.


The upgrade means the stock currently tops 99% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Echo Global Logistics has now climbed above a proper buy zone after clearing the 37.75 entry in a cup without handle.

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The stock sports a 95 EPS Rating, which means its recent quarterly and annual earnings growth tops 95% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the company reported 342% earnings growth. That marks four straight reports with rising EPS performance. Sales growth increased 82%, up from 45% in the prior quarter. That marks four consecutive reports with rising growth.

Echo Global Logistics earns the No. 1 rank among its peers in the Transportation-Logistics industry group. XPO Logistics (XPO) and Expeditors International (EXPD) are also among the group’s highest-rated stocks.


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