Radiant Logistics (RLGT) Receives a Rating Update from a Top Analyst

By Austin Angelo

Cowen & Co. analyst Jason Seidl maintained a Buy rating on Radiant Logistics (RLGTResearch Report) today and set a price target of $7. The company’s shares opened today at $6.45.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 16.2% and a 73.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Radiant Logistics is a Moderate Buy with an average price target of $7.

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Based on Radiant Logistics’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $5.87 million. In comparison, last year the company had a net profit of $678K.

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Radiant Logistics, Inc. is a third-party logistics and multimodal transportation services company. Its services also include domestic and international freight forwarding services, truck, and rail brokerage services. It also offers customs brokerage, order fulfillment, inventory management, and warehousing services.