In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on Radiant Logistics (RLGT), with a price target of $7. The company’s shares closed last Monday at $5.47.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.0% and a 72.2% 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.
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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 $4.46 million. In comparison, last year the company had a net profit of $4.84 million.
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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.
