Radiant Logistics PT Raised to $3.50 at Roth Capital (RLGT)
Equities researchers at Roth Capital raised their target price on shares of Radiant Logistics (NASDAQ:RLGT) from $2.20 to $3.50 in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Roth Capital’s target price would suggest a potential upside of 54.87% from the company’s current price.
Radiant Logistics (NASDAQ:RLGT) traded down 5.44% on Thursday, hitting $2.26. 204,832 shares of the company’s stock traded hands. Radiant Logistics has a 52-week low of $0.92 and a 52-week high of $2.74. The stock’s 50-day moving average is $2. and its 200-day moving average is $1.95. The company has a market cap of $75.4 million and a P/E ratio of 23.90.
Radiant Logistics (NASDAQ:RLGT) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.03. The company had revenue of $80.70 million for the quarter, compared to the consensus estimate of $76.93 million. On average, analysts predict that Radiant Logistics will post $0.10 earnings per share for the current fiscal year.
Radiant Logistics, Inc is a non-asset based logistics company providing domestic and international freight forwarding services through a network, which includes a combination of company owned and exclusive agent offices across North America.
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