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Echo Global Logistics Stock Joins Rank Of Stocks With 95-Plus Composite Rating

Echo Global Logistics (ECHO) saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 97.

The freight broker has enjoyed strong demand for shipping and transportation of goods on strong consumer demand, thus driving up shipping costs.




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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that’s a good starting point when looking for the best stocks to buy and watch.

Echo Global Logistics stock hit a new intraday high of 37.65 on Thursday, but fell back down to trade just 5% above a 34.71 entry from a consolidation. Be aware that it’s a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


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Echo Global Logistics stock earns a 90 EPS Rating, meaning its recent quarterly and annual earnings growth tops 90% of all stocks.

Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.

The transportation company posted 221% earnings growth for Q1. It has now posted accelerating EPS gains for three consecutive quarters. Sales growth increased 45%, up from 42% in the prior quarter. That marks three quarters of increasing revenue gains.

Echo Global Logistics stock holds 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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