Echo Global Logistics, Inc. (ECHO) Forms $28.70 Double Top; Franklin Resources, Inc. (BEN) Had 0 Analysts Last Week

June 29, 2018 - By Annabelle Johnson

Echo Global Logistics, Inc. (NASDAQ:ECHO) Logo

Among 7 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Franklin Resources had 10 analyst reports since January 10, 2018 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, March 6 report. Credit Suisse upgraded the shares of BEN in report on Thursday, January 11 to “Hold” rating. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Hold”. As per Tuesday, April 10, the company rating was maintained by Morgan Stanley. The firm earned “Underweight” rating on Monday, April 23 by Barclays Capital. The stock has “Sell” rating by Credit Suisse on Thursday, April 5. The firm has “Hold” rating by Jefferies given on Wednesday, April 11. The company was maintained on Wednesday, January 10 by Jefferies. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, April 10 report. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Hold” rating by Bank of America on Monday, April 9. See Franklin Resources, Inc. (NYSE:BEN) latest ratings:

23/04/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $40 New Target: $32 Maintain
11/04/2018 Broker: Jefferies Rating: Hold New Target: $36.0000 Maintain
10/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $37.0000 Maintain
10/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $42 New Target: $35 Maintain
09/04/2018 Broker: Bank of America Rating: Hold New Target: $37.0000 Downgrade
05/04/2018 Broker: Credit Suisse Rating: Sell New Target: $34.0000 Maintain
06/04/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $37 New Target: $34 Maintain
06/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $40 New Target: $37 Maintain
11/01/2018 Broker: Credit Suisse Rating: Hold New Target: $43.0 Upgrade
10/01/2018 Broker: Jefferies Rating: Hold New Target: $43.0 Maintain

Echo Global Logistics, Inc. (ECHO) formed double top with $29.85 target or 4.00% above today’s $28.70 share price. Echo Global Logistics, Inc. (ECHO) has $814.24 million valuation. The stock decreased 0.52% or $0.15 during the last trading session, reaching $28.7. About 248,163 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has risen 48.00% since June 29, 2017 and is uptrending. It has outperformed by 35.43% the S&P500. Some Historical ECHO News: 26/04/2018 – Favorite short target $ECHO can always be depended on to disappoint with its free cash flow. Even in a tight freight env’t and “record sales” its margins contract and free cash barely grows; 03/04/2018 – Echo Global Closes Above 50-Day Moving Average: Technicals; 27/03/2018 – A. Duie Pyle Receives Regional LTL Carrier of the Year Award; 25/04/2018 – Echo Global Logistics Reports Record First Quarter Revenue; Up 39% Year over Year; 20/03/2018 – Investor Expectations to Drive Momentum within Key Energy Services, XOMA, Goldman Sachs BDC, Echo Global Logistics, Ellington R; 25/04/2018 – Echo Global Logistics 1Q EPS 17c; 25/04/2018 – Echo Global Logistics 1Q Rev $577.1M; 25/04/2018 – Echo Global Logistics 1Q Net $4.73M; 25/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O SEES FY 2018 REVENUE $2.25 BLN TO $2.4 BLN; 23/03/2018 – Echo Global Closes Below 50-Day Moving Average: Technicals

Investors sentiment increased to 1.29 in Q1 2018. Its up 0.03, from 1.26 in 2017Q4. It increased, as 14 investors sold Echo Global Logistics, Inc. shares while 51 reduced holdings. 40 funds opened positions while 44 raised stakes. 26.25 million shares or 0.02% more from 26.25 million shares in 2017Q4 were reported. Serv Automobile Association has invested 0.02% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Fmr Limited Liability Company has 141,100 shares. Ameriprise Fincl Inc stated it has 242,084 shares. 93 were reported by Prelude Ltd Llc. Arizona State Retirement System stated it has 41,588 shares or 0.01% of all its holdings. Investment Mgmt Of Virginia Ltd Limited Liability Company holds 70,346 shares or 0.45% of its portfolio. 62 were reported by Fifth Third Financial Bank. North Star Asset Inc holds 1.11% in Echo Global Logistics, Inc. (NASDAQ:ECHO) or 445,931 shares. Ameritas Invest Prns Incorporated reported 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Hanseatic Mgmt Serv holds 0% or 69 shares. Vanguard invested in 1.60 million shares. Alliancebernstein Limited Partnership owns 109,120 shares. Texas Permanent School Fund holds 0.01% or 17,440 shares. Bank Of America De has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). 1.04 million were reported by Franklin Resource.

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on July, 26. They expect $0.31 EPS, up 158.33% or $0.19 from last year’s $0.12 per share. ECHO’s profit will be $8.79M for 23.15 P/E if the $0.31 EPS becomes a reality. After $0.33 actual EPS reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts -6.06% negative EPS growth.

Among 8 analysts covering Echo Global Logistics (NASDAQ:ECHO), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Echo Global Logistics had 14 analyst reports since January 8, 2018 according to SRatingsIntel. The stock has “Buy” rating by Stephens on Thursday, February 8. The firm earned “Hold” rating on Monday, January 29 by UBS. On Thursday, April 26 the stock rating was maintained by JP Morgan with “Overweight”. Susquehanna maintained the shares of ECHO in report on Wednesday, February 7 with “Buy” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Buy” rating by Susquehanna on Monday, April 16. The rating was maintained by Susquehanna on Monday, January 8 with “Buy”. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Buy” rating by Barrington on Thursday, April 26. The firm has “Underweight” rating by Morgan Stanley given on Friday, February 23. The firm has “Neutral” rating given on Thursday, February 8 by Credit Suisse. On Thursday, April 26 the stock rating was maintained by Credit Suisse with “Neutral”.

Franklin Resources, Inc. is a publicly owned asset management holding company. The company has market cap of $17.18 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It has a 26.24 P/E ratio. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

Investors sentiment decreased to 0.82 in Q1 2018. Its down 0.03, from 0.85 in 2017Q4. It dived, as 56 investors sold Franklin Resources, Inc. shares while 176 reduced holdings. 52 funds opened positions while 139 raised stakes. 244.47 million shares or 1.22% less from 247.49 million shares in 2017Q4 were reported. Gam Ag accumulated 55,857 shares. Mitsubishi Ufj Tru & Banking Corporation stated it has 0.04% in Franklin Resources, Inc. (NYSE:BEN). Blackrock reported 0.04% stake. Riverhead Cap Management Llc owns 7,133 shares. Shelter Retirement Plan, Missouri-based fund reported 60,700 shares. Gulf Intll Savings Bank (Uk) Ltd invested in 102,480 shares. Hsbc Public Ltd Llc reported 0.03% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Tru Of Vermont accumulated 780 shares or 0% of the stock. 26,147 are held by Burney Communications. Sandy Spring Bank & Trust, a Maryland-based fund reported 600 shares. Novare Management Limited Liability Corporation reported 96,241 shares or 0.58% of all its holdings. The New York-based Morgan Stanley has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). Employees Retirement Systems Of Texas holds 0.02% or 52,000 shares. 66,897 are owned by Nomura Asset Mgmt. California Employees Retirement holds 0.06% in Franklin Resources, Inc. (NYSE:BEN) or 1.24M shares.

The stock decreased 0.22% or $0.07 during the last trading session, reaching $31.8. About 3.30M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 11.32% since June 29, 2017 and is downtrending. It has underperformed by 23.89% the S&P500. Some Historical BEN News: 02/05/2018 – Franklin Templeton – Global Balanced Adds Mattel; 16/05/2018 – Macron’s Reforms No Lure for Franklin Templeton After Italy Bet; 05/03/2018 U.S. top court turns away dispute involving Iran’s Bank Melli; 01/05/2018 – Gen X Women Are Most Concerned About Achieving Retirement Income Goals, Franklin Templeton Investments Survey Finds; 04/04/2018 – Suzanne E. Kline Joins Fiduciary Trust as Regional Managing Director for Northern California; 30/05/2018 – Report: Exploring Fundamental Drivers Behind The Ensign Group, Franklin Resources, Scholastic, Omega Healthcare Investors, Grea; 12/04/2018 – Franklin Resources: Repurchase Program Not Subject to Expiration Date; 10/05/2018 – Franklin Templeton Adds Union Pacific, Exits GE, Cuts CIBC: 13F; 26/04/2018 – Yahoo! Finance: Franklin Resources: Fiscal 2Q Earnings Snapshot; 07/03/2018 – MOVES-Franklin Templeton hires Invesco exec as head of EMEA ETF sales

More recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Globenewswire.com which released: “Franklin Resources, Inc. Announces Month-End Assets Under Management” on June 11, 2018. Also Seekingalpha.com published the news titled: “Trading Mistake 10 – Keep It Simple, Stupid” on June 12, 2018. Globenewswire.com‘s news article titled: “Franklin Templeton Lists Three New Fixed Income Active ETFs” with publication date: June 04, 2018 was also an interesting one.

Echo Global Logistics, Inc. (NASDAQ:ECHO) Institutional Positions Chart