Landstar System (NASDAQ:LSTR) Price Target Raised to $188.00

Landstar System (NASDAQ:LSTR) had its target price hoisted by analysts at JPMorgan Chase & Co. from $184.00 to $188.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 6.96% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. TD Cowen reduced their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday. UBS Group boosted their target price on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday. Raymond James reduced their target price on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Susquehanna lifted their price target on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Landstar System has an average rating of “Hold” and a consensus target price of $174.67.

Landstar System Stock Down 0.7 %

LSTR stock opened at $175.77 on Wednesday. The firm’s 50-day moving average is $183.40 and its two-hundred day moving average is $182.40. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 30.15 and a beta of 0.80. Landstar System has a 52 week low of $163.37 and a 52 week high of $201.40. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.05). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. Landstar System’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, analysts forecast that Landstar System will post 5.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its position in Landstar System by 108.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after acquiring an additional 74 shares during the period. Quest Partners LLC acquired a new stake in shares of Landstar System during the second quarter worth approximately $73,000. Mather Group LLC. grew its position in Landstar System by 183.5% during the second quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 358 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in Landstar System in the 1st quarter valued at approximately $86,000. 97.95% of the stock is owned by institutional investors and hedge funds.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.