Cowen reissued their buy rating on shares of Radiant Logistics (NYSEAMERICAN:RLGT) in a research note issued to investors on Monday morning, AnalystRatings.com reports. The firm currently has a $7.00 price objective on the stock.

Several other research firms have also weighed in on RLGT. Zacks Investment Research lowered shares of Radiant Logistics from a buy rating to a hold rating in a research note on Wednesday, April 17th. TheStreet upgraded shares of Radiant Logistics from a c+ rating to a b rating in a research note on Monday, March 4th. Finally, Seaport Global Securities reiterated a buy rating on shares of Radiant Logistics in a research note on Monday, February 4th. Four research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of $7.75.

Shares of Radiant Logistics stock opened at $6.65 on Monday. Radiant Logistics has a 1 year low of $3.73 and a 1 year high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $206.05 million for the quarter, compared to analyst estimates of $234.84 million.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Radiant Logistics by 8.1% in the 1st quarter. BlackRock Inc. now owns 2,716,923 shares of the company’s stock worth $17,116,000 after purchasing an additional 203,142 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Radiant Logistics by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,464 shares of the company’s stock worth $13,541,000 after purchasing an additional 87,130 shares during the last quarter. Wellington Management Group LLP grew its position in Radiant Logistics by 7.1% in the 1st quarter. Wellington Management Group LLP now owns 1,769,645 shares of the company’s stock worth $11,149,000 after purchasing an additional 117,900 shares during the last quarter. Vanguard Group Inc. grew its position in Radiant Logistics by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,614,859 shares of the company’s stock worth $9,544,000 after purchasing an additional 71,357 shares during the last quarter. Finally, Vanguard Group Inc grew its position in Radiant Logistics by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 1,614,859 shares of the company’s stock worth $9,544,000 after purchasing an additional 71,357 shares during the last quarter. Hedge funds and other institutional investors own 39.47% of the company’s stock.

Radiant Logistics Company Profile

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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