Radiant Logistics Receives a Hold from Roth Capital

By George MacDonald

Roth Capital analyst Jeff Martin downgraded Radiant Logistics (NYSE MKT: RLGT) to Hold today and set a price target of $5.50. The company’s shares closed yesterday at $5.84, close to its 52-week high of $6.09.

Radiant Logistics has an analyst consensus of Hold.

Based on Radiant Logistics` latest earnings report from December 31, the company posted quarterly revenue of $105.9M and quarterly net profit of $838.7k. In comparison, last year the company earned revenue of $86.03M and had a net profit of $1.65M.

According to TipRanks.com, Martin is a 4-star analyst with an average return of 10.9% and a 63.3% success rate. Martin covers the Services sector, focusing on stocks such as Barrett Business Services, U.S. Auto Parts Network, and Franklin Covey Company.

Radiant Logistics Inc is a transportation and logistics services company providing customers domestic and international freight forwarding services through a network of Company-owned and strategic operating partner locations.