Cowen & Co. Remains a Buy on Radiant Logistics

By Jason Carr

Cowen & Co. analyst Jason Seidl reiterated a Buy rating on Radiant Logistics (NYSE MKT: RLGT) yesterday and set a price target of $7. The company’s shares closed yesterday at $4.99.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 13.0% and a 70.6% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Radiant Logistics has an analyst consensus of Moderate Buy, with a price target consensus of $7.

Radiant Logistics’ market cap is currently $243.7M and has a P/E ratio of 71.29. The company has a book value ratio of 1.9666.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Radiant Logistics, Inc. is a third-party logistics and multimodal transportation services company. The company provides domestic and international freight forwarding services, truck, rail brokerage services. It also engages in the supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing services.