In a report released today, Jason Seidl from Cowen & Co. initiated coverage with a Buy rating on Radiant Logistics (RLGT – Research Report) and a price target of $10.00. The company’s shares opened today at $5.54.
Seidl covers the Industrial Goods sector, focusing on stocks such as ArcBest, GXO Logistics, and CH Robinson. According to TipRanks, Seidl has an average return of 24.3% and a 71.69% success rate on recommended stocks.
Radiant Logistics has an analyst consensus of Strong Buy, with a price target consensus of $10.67.
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The company has a one-year high of $8.09 and a one-year low of $4.93. Currently, Radiant Logistics has an average volume of 116.1K.
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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.
Read More on RLGT:
- Radiant Logistics reports Q1 adjusted EPS 27c vs. 22c last year
- RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER ENDED SEPTEMBER 30, 2022, AND SECOND FISCAL QUARTER ENDED DECEMBER 31, 2022
- RADIANT LOGISTICS COMPLETES RESTATEMENT; FILES COMPREHENSIVE ANNUAL REPORT ON FORM 10-K
- Radiant Logistics sees Q2 adjusted EPS 26c, consensus 16c
- RADIANT LOGISTICS ANNOUNCES SELECT PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR SECOND FISCAL QUARTER ENDED DECEMBER 31, 2022
