Radiant Logistics (RLGT) Gets a Buy Rating from Cowen & Co.

By Jason Carr

Cowen & Co. analyst Jason Seidl maintained a Buy rating on Radiant Logistics (NYSE MKT: RLGT) today and set a price target of $6.50. The company’s shares closed yesterday at $4.60.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 19.4% and a 73.8% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Radiant Logistics with a $6.50 average price target.

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Based on Radiant Logistics’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $4.84 million. In comparison, last year the company had a GAAP net loss of $517K.

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Radiant Logistics, Inc. is a third-party logistics and multimodal transportation services company. It operates through the United States and Canada geographical segments. The firm provides domestic and international freight forwarding services, truck, and rail brokerage services.