Landstar System (NASDAQ:LSTR) Stock Price Target Cut by Susquehanna

Key Points

• Susquehanna cut Landstar System’s price target from $190 to $160 while maintaining a neutral rating, implying approximately 12.12% upside from the cited share price.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Hold” rating and an average target price of $182.33, based on four Buy, twelve Hold, and two Sell ratings.
• Landstar’s latest quarter included adjusted earnings of $1.42 per share, below the $1.67 consensus estimate, though revenue rose 25.4% year over year to $1.51 billion and slightly exceeded expectations.

Landstar System (NASDAQ:LSTR - Get Free Report) had its price target reduced by research analysts at Susquehanna from $190.00 to $160.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's target price would suggest a potential upside of 12.12% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Landstar System from a "strong-buy" rating to a "hold" rating in a report on Friday, September 4th. JPMorgan Chase & Co. dropped their target price on Landstar System from $181.00 to $172.00 and set a "neutral" rating on the stock in a report on Wednesday, October 28th. Wolfe Research raised Landstar System from a "peer perform" rating to an "outperform" rating and set a $214.00 target price on the stock in a report on Tuesday, August 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Landstar System in a research report on Friday, September 11th. Finally, Truist Financial decreased their price target on Landstar System from $175.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Landstar System has a consensus rating of "Hold" and a consensus target price of $182.33.

Landstar System Price Performance

Shares of LSTR stock opened at $142.70 on Monday. Landstar System has a 1 year low of $121.11 and a 1 year high of $228.46. The stock has a market cap of $4.81 billion, a PE ratio of 30.23 and a beta of 0.89. The business's fifty day moving average is $170.04 and its 200-day moving average is $176.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 1.79.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.25). Landstar System had a net margin of 3.03% and a return on equity of 23.89%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $1.22 EPS. The company's quarterly revenue was up 25.4% compared to the same quarter last year. Equities analysts expect that Landstar System will post 5.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Several institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Landstar System during the second quarter worth approximately $35,000. Trust Co. of Vermont acquired a new stake in Landstar System in the second quarter valued at approximately $41,000. Provenance Wealth Advisors LLC acquired a new stake in Landstar System in the third quarter valued at approximately $35,000. Elevation Wealth Partners LLC grew its holdings in Landstar System by 41.8% in the second quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company's stock valued at $46,000 after purchasing an additional 66 shares during the period. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Landstar System in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 97.95% of the company's stock.

About Landstar System

Landstar System, Inc NASDAQ: LSTR is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar's services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.

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