Radiant Logistics Gets a Buy Rating from Cowen & Co.

By Jason Carr

Cowen & Co. analyst Jason Seidl reiterated a Buy rating on Radiant Logistics (NYSE MKT: RLGT) on August 1 and set a price target of $7. The company’s shares closed yesterday at $4.50.

According to TipRanks.com, Seidl is a 4-star analyst with an average return of 6.7% and a 59.4% 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 $219.8M and has a P/E ratio of 64.29. The company has a book value ratio of 1.7735.

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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.