Radiant Logistics (RLGT) Receives Price Target

Radiant Logistics (RLGT) : The consensus price target for Radiant Logistics (RLGT) is $7.67 for the short term with a standard deviation of $1.15. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $9, however, the pessimist price target for the company is $7.

Radiant Logistics (RLGT) : 3 brokerage houses believe that Radiant Logistics (RLGT) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


Radiant Logistics (NYSEMKT:RLGT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.94 and $2.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.94, notching a gain of 0.68% for the day. The total traded volume was 53,823 . The stock had closed at $2.92 on the previous day.

Radiant Logistics, Inc. is a third party logistics company. The Company provides multi-modal transportation and logistics services primarily in the United States and Canada. The Company operates in two geographic operating segments: U.S. and Canada. The Company services an account base consisting of consumer goods, food and beverage, manufacturing and retail customers through a multibrand network consisting of approximately 31 Company owned offices and 128 locations operated by its independent agents, as well as an integrated international service partner network located in other markets around the globe. The Company, through its operating locations across North America, offers domestic and international air and ocean freight forwarding services, and freight brokerage services, including truckload services, less than truckload services, and intermodal services.

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