Radiant Logistics (RLGT) – Research Analysts’ Recent Rating…

Radiant Logistics (RLGT) – Research Analysts’ Recent Rating…


Radiant Logistics (NYSEAMERICAN: RLGT) has recently received a number of price target changes and ratings updates:

  • 7/27/2019 – Radiant Logistics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “
  • 7/26/2019 – Radiant Logistics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.25 price target on the stock. According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “
  • 7/13/2019 – Radiant Logistics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “
  • 7/12/2019 – Radiant Logistics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.25 price target on the stock. According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “
  • 7/3/2019 – Radiant Logistics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “

NYSEAMERICAN:RLGT opened at $5.34 on Monday. Radiant Logistics Inc has a one year low of $3.93 and a one year high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $206.05 million during the quarter, compared to analysts’ expectations of $234.84 million.

In other Radiant Logistics news, COO E Joseph Bento sold 9,779 shares of Radiant Logistics stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $6.53, for a total value of $63,856.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 23.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Radiant Logistics by 508.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,114 shares of the company’s stock worth $51,000 after buying an additional 6,781 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Radiant Logistics in the first quarter valued at approximately $85,000. MetLife Investment Advisors LLC acquired a new stake in shares of Radiant Logistics in the first quarter valued at approximately $119,000. Virtu Financial LLC boosted its holdings in shares of Radiant Logistics by 40.7% in the first quarter. Virtu Financial LLC now owns 19,947 shares of the company’s stock valued at $126,000 after acquiring an additional 5,768 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Radiant Logistics in the first quarter valued at approximately $126,000. Hedge funds and other institutional investors own 39.47% of the company’s stock.

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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