Barclays Lowers Landstar System (NASDAQ:LSTR) Price Target to $135.00

Key Points

• Barclays has lowered its price target for Landstar System from $145.00 to $135.00, maintaining an "equal weight" rating, which implies a potential upside of 10.96% from the current price.
• Landstar System's consensus rating is currently "Hold," with a consensus price target of $143.75 following recent upgrades and downgrades from various research firms.
• Despite a decline in revenue year-over-year, Landstar System reported earnings of $1.20 per share, exceeding analysts' expectations of $1.16.

Landstar System (NASDAQ:LSTR - Get Free Report) had its price objective dropped by equities research analysts at Barclays from $145.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the transportation company's stock. Barclays's target price would suggest a potential upside of 10.96% from the company's current price.

Several other research firms have also recently commented on LSTR. Zacks Research upgraded Landstar System from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Baird R W upgraded Landstar System to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. cut their price target on Landstar System from $139.00 to $138.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Wall Street Zen upgraded Landstar System from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Susquehanna set a $123.00 price target on Landstar System and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $143.75.

Landstar System Stock Performance

Shares of LSTR opened at $121.67 on Thursday. The stock has a 50 day moving average price of $129.97 and a 200 day moving average price of $136.67. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.51 and a beta of 0.82. Landstar System has a 52-week low of $119.32 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Trading of Landstar System

A number of large investors have recently made changes to their positions in LSTR. Alpine Bank Wealth Management acquired a new stake in shares of Landstar System during the first quarter valued at $25,000. MAI Capital Management boosted its stake in shares of Landstar System by 79.3% during the second quarter. MAI Capital Management now owns 242 shares of the transportation company's stock valued at $34,000 after acquiring an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after acquiring an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Landstar System by 118.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock valued at $39,000 after acquiring an additional 152 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Landstar System by 7,650.0% during the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company's stock valued at $43,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.