Pinnacle West Capital (PNW) Forms $80.31 Double Bottom; Echo Global Logistics (ECHO) Has 1.29 Sentiment

July 17, 2018 - By Lena Young

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

Pinnacle West Capital Corporation (PNW) formed double bottom with $73.08 target or 9.00% below today’s $80.31 share price. Pinnacle West Capital Corporation (PNW) has $8.99 billion valuation. The stock increased 0.20% or $0.16 during the last trading session, reaching $80.31. About 752,171 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has declined 10.37% since July 17, 2017 and is downtrending. It has underperformed by 22.94% the S&P500. Some Historical PNW News: 18/04/2018 – Pinnacle West Declares Quarterly Dividend; 20/04/2018 – PINNACLE WEST CAPITAL CORP – ARIZONA PUBLIC SERVICE COMPANY MAY OFFER AND SELL UNSECURED DEBT SECURITIES FROM TIME TO TIME IN ONE OR MORE OFFERINGS; 07/05/2018 – PINNACLE WEST SAYS PALO VERDE 3 RESTARTS AFTER REFUELING OUTAGE; 02/05/2018 – PNW SEES FY ONGOING EPS $4.35 TO $4.55, EST. $4.46; 02/05/2018 – Pinnacle West Capital Sees 2018 EPS $4.35-EPS $4.55; 02/05/2018 – PINNACLE WEST CAPITAL 1Q EPS 3C, EST. 7C; 24/04/2018 – APS to Issue Resource RFPs; 26/04/2018 – APS Issues RFP for Peaking Capacity; 02/05/2018 – Pinnacle West Capital 1Q EPS 3c; 09/04/2018 – PINNACLE WEST’S PALO VERDE 3 REACTOR IN ARIZ. CUT TO 0%: NRC

Echo Global Logistics Inc (ECHO) investors sentiment increased to 1.29 in Q1 2018. It’s up 0.03, from 1.26 in 2017Q4. The ratio is better, as 84 institutional investors started new or increased holdings, while 65 sold and reduced stakes in Echo Global Logistics Inc. The institutional investors in our database now hold: 26.25 million shares, up from 26.25 million shares in 2017Q4. Also, the number of institutional investors holding Echo Global Logistics Inc in top ten holdings decreased from 3 to 1 for a decrease of 2. Sold All: 14 Reduced: 51 Increased: 44 New Position: 40.

The stock decreased 0.84% or $0.25 during the last trading session, reaching $29.5. About 636,618 shares traded or 76.24% up from the average. Echo Global Logistics, Inc. (ECHO) has risen 48.00% since July 17, 2017 and is uptrending. It has outperformed by 35.43% the S&P500. Some Historical ECHO News: 23/03/2018 – Echo Global Closes Below 50-Day Moving Average: Technicals; 25/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O SEES FY 2018 REVENUE $2.25 BLN TO $2.4 BLN; 25/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O FY2018 REV VIEW $2.25 BLN — THOMSON REUTERS l/B/E/S; 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 Reports Record First Quarter Revenue; Up 39% Year over Year; 26/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O : COWEN AND COMPANY RAISES TARGET PRICE TO $35 FROM $34; 26/04/2018 – ECHO GLOBAL LOGISTICS INC ECHO.O : JP MORGAN RAISES TARGET PRICE TO $37 FROM $35; 13/03/2018 – Echo Global at Company Marketing Hosted By Stephens Inc. Today; 27/03/2018 – A. Duie Pyle Receives Regional LTL Carrier of the Year Award; 25/04/2018 – Echo Global Logistics 1Q EPS 17c

Rutabaga Capital Management Llc Ma holds 3.38% of its portfolio in Echo Global Logistics, Inc. for 520,376 shares. Taylor Frigon Capital Management Llc owns 93,574 shares or 2.01% of their US portfolio. Moreover, Next Century Growth Investors Llc has 1.94% invested in the company for 526,454 shares. The Minnesota-based Summit Creek Advisors Llc has invested 1.36% in the stock. Granahan Investment Management Inc Ma, a Massachusetts-based fund reported 654,478 shares.

More news for Echo Global Logistics, Inc. (NASDAQ:ECHO) were recently published by: Nasdaq.com, which released: “Chicago-Based 3PL, Echo Global Logistics, Is Bringing 70 New Tech Jobs to Its Headquarters This Year” on June 19, 2018. Nasdaq.com‘s article titled: “Echo Global Logistics Second Quarter 2018 Earnings Release and Conference Call Scheduled for Wednesday, July …” and published on June 21, 2018 is yet another important article.

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 $8.79 million for 23.79 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.

Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. The company has market cap of $836.94 million. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. It has a 40.92 P/E ratio. The firm offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international.

Since January 19, 2018, it had 0 insider buys, and 6 selling transactions for $6.22 million activity. MUNRO KATHRYN L had sold 2,666 shares worth $200,910. Schiavoni Mark A. sold $753,377 worth of stock or 9,534 shares. 2,145 Pinnacle West Capital Corporation (NYSE:PNW) shares with value of $163,320 were sold by HATFIELD JOHN S.. BRANDT DONALD E also sold $3.02M worth of Pinnacle West Capital Corporation (NYSE:PNW) on Thursday, March 1. HERBERGER ROY A JR also sold $162,108 worth of Pinnacle West Capital Corporation (NYSE:PNW) shares.

Investors sentiment decreased to 0.94 in Q1 2018. Its down 0.10, from 1.04 in 2017Q4. It is negative, as 36 investors sold Pinnacle West Capital Corporation shares while 137 reduced holdings. 44 funds opened positions while 119 raised stakes. 90.61 million shares or 1.02% more from 89.70 million shares in 2017Q4 were reported. Ronna Sue Cohen owns 17,715 shares. Bridgewater Assocs L P invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). First Midwest Bancorporation Division holds 12,085 shares or 0.13% of its portfolio. Amica Pension Fund Board Of Trustees invested in 0.11% or 9,823 shares. Wetherby Asset Management Inc invested in 3,196 shares or 0.04% of the stock. North Point Port Managers Corp Oh reported 3,450 shares. Daiwa Secs Gru holds 0% or 3,714 shares. Stratos Wealth Ptnrs owns 3,151 shares or 0.01% of their US portfolio. 39,235 were accumulated by Gsa Cap Prtnrs Ltd Liability Partnership. Wealthtrust holds 0.05% in Pinnacle West Capital Corporation (NYSE:PNW) or 1,283 shares. California-based Gemmer Asset Ltd Liability has invested 0% in Pinnacle West Capital Corporation (NYSE:PNW). Oregon Public Employees Retirement Fund stated it has 11,959 shares. Amica Retiree Tru reported 0.1% stake. Advisory Service Networks Limited Liability Corp has 0.02% invested in Pinnacle West Capital Corporation (NYSE:PNW). 1.21M are held by Commercial Bank Of Ny Mellon Corp.

Analysts await Pinnacle West Capital Corporation (NYSE:PNW) to report earnings on August, 2. They expect $1.48 earnings per share, down 0.67% or $0.01 from last year’s $1.49 per share. PNW’s profit will be $165.65 million for 13.57 P/E if the $1.48 EPS becomes a reality. After $0.03 actual earnings per share reported by Pinnacle West Capital Corporation for the previous quarter, Wall Street now forecasts 4,833.33% EPS growth.

Among 7 analysts covering Pinnacle West Capital Corp (NYSE:PNW), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Pinnacle West Capital Corp had 23 analyst reports since January 22, 2018 according to SRatingsIntel. The firm has “Underperform” rating given on Monday, February 26 by Bank of America. RBC Capital Markets maintained Pinnacle West Capital Corporation (NYSE:PNW) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $88.0 target. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Equal-Weight” rating given on Monday, February 26 by Morgan Stanley. The rating was maintained by SunTrust on Monday, April 2 with “Hold”. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Hold” rating given on Monday, April 23 by SunTrust. The rating was maintained by SunTrust on Monday, March 26 with “Hold”. Bank of America upgraded the shares of PNW in report on Friday, May 4 to “Hold” rating. As per Friday, February 23, the company rating was maintained by SunTrust. On Thursday, March 8 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. SunTrust maintained the stock with “Hold” rating in Monday, February 5 report.

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

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