Cowen & Co. analyst Jason Seidl maintained a Buy rating on Radiant Logistics (RLGT) on December 17 and set a price target of $8.00. The company’s shares closed last Tuesday at $5.70.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 19.7% and a 74.2% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Covenant Logistics 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 $8.50 average price target, which is a 49.4% upside from current levels. In a report issued on December 3, Loop Capital Markets also maintained a Buy rating on the stock with a $9.00 price target.
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Based on Radiant Logistics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $176 million and net profit of $3.09 million. In comparison, last year the company earned revenue of $201 million and had a net profit of $3.24 million.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RLGT in relation to earlier this year.
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Radiant Logistics, Inc. is a third-party logistics and multimodal transportation services company. It offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less than truckload (LTL) services, and intermodal services. It operates through the geographical segments: United States, Canada, and Corporate. The Corporate segment refers to the costs of executives, board of directors professional services such as legal and consulting, amortization of intangible assets and certain other corporate costs associated with operating as a public company. The company was founded by Bohn H. Crain in March 15, 2001 and is headquartered in Bellevue, WA.
