Brokerages Set $7.33 Price Target for Radiant Logistics Inc (RLGT)
Radiant Logistics Inc (NASDAQ:RLGT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $7.33 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Radiant Logistics an industry rank of 190 out of 265 based on the ratings given to its competitors.
RLGT has been the topic of several recent research reports. Zacks Investment Research lowered Radiant Logistics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company restated a “buy” rating and set a $7.00 price target on shares of Radiant Logistics in a report on Thursday, September 7th.
Institutional investors have recently made changes to their positions in the business. Eagle Global Advisors LLC grew its position in Radiant Logistics by 180.0% in the 2nd quarter. Eagle Global Advisors LLC now owns 56,330 shares of the company’s stock valued at $303,000 after acquiring an additional 36,210 shares during the last quarter. Chicago Equity Partners LLC grew its position in Radiant Logistics by 35.6% in the 2nd quarter. Chicago Equity Partners LLC now owns 104,055 shares of the company’s stock valued at $560,000 after acquiring an additional 27,345 shares during the last quarter. Spark Investment Management LLC bought a new position in Radiant Logistics in the 2nd quarter valued at $383,000. BB&T Securities LLC grew its position in Radiant Logistics by 59.0% in the 2nd quarter. BB&T Securities LLC now owns 46,896 shares of the company’s stock valued at $252,000 after acquiring an additional 17,400 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Radiant Logistics by 46.5% in the 2nd quarter. Teachers Advisors LLC now owns 261,981 shares of the company’s stock valued at $1,409,000 after acquiring an additional 83,192 shares during the last quarter.
Shares of Radiant Logistics (RLGT) traded down 7.16% on Friday, hitting $5.06. 707,408 shares of the stock traded hands. The firm has a market cap of $245.80 million and a PE ratio of 76.67. Radiant Logistics has a 52-week low of $2.45 and a 52-week high of $6.65. The firm has a 50 day moving average price of $4.78 and a 200 day moving average price of $5.37.
Radiant Logistics (NASDAQ:RLGT) last released its quarterly earnings results on Tuesday, September 12th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Radiant Logistics had a return on equity of 1.28% and a net margin of 0.51%. The company had revenue of $201.80 million for the quarter, compared to analyst estimates of $187.91 million. During the same quarter in the prior year, the firm posted $0.06 EPS. Radiant Logistics’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast that Radiant Logistics will post $0.27 EPS for the current year.
About Radiant Logistics
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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