Analysts Offer Insights on Industrial Goods Companies: Stoneridge (SRI) and Radiant Logistics (RLGT)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Stoneridge (SRI – Research Report) and Radiant Logistics (RLGT – Research Report).

Stoneridge (SRI)

Barrington analyst Gary Prestopino maintained a Hold rating on Stoneridge today. The company’s shares closed last Thursday at $15.78, close to its 52-week low of $15.62.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 24.5% and a 54.2% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Standex International, and Methode Electronics.

Stoneridge has an analyst consensus of Moderate Buy, with a price target consensus of $27.00.

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Radiant Logistics (RLGT)

In a report released today, Jason Seidl from TD Cowen reiterated a Buy rating on Radiant Logistics, with a price target of $9.00. The company’s shares closed last Thursday at $6.01.

According to TipRanks.com, Seidl is a top 25 analyst with an average return of 24.8% and a 72.9% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Covenant Logistics Group, and Knight Transportation.

Radiant Logistics has an analyst consensus of Strong Buy, with a price target consensus of $10.33.

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Read More on SRI:

• Stoneridge Reports First Quarter 2023 Results