Landstar System (NASDAQ:LSTR) Price Target Cut to $131.00 by Analysts at Stifel Nicolaus

Key Points

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Landstar System (NASDAQ:LSTR - Get Free Report) had its price target reduced by Stifel Nicolaus from $140.00 to $131.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price objective suggests a potential downside of 1.85% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Truist Financial cut their target price on shares of Landstar System from $150.00 to $135.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group dropped their price target on shares of Landstar System from $170.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a research note on Monday, April 14th. Evercore ISI decreased their price objective on shares of Landstar System from $135.00 to $132.00 and set an "in-line" rating for the company in a report on Wednesday. Finally, Barclays started coverage on shares of Landstar System in a report on Monday, June 9th. They set an "equal weight" rating and a $145.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Landstar System presently has a consensus rating of "Hold" and a consensus target price of $149.00.

Landstar System Stock Performance

LSTR traded up $0.11 during trading on Thursday, hitting $133.48. The company's stock had a trading volume of 118,750 shares, compared to its average volume of 369,756. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.07. Landstar System has a one year low of $128.99 and a one year high of $196.86. The firm has a market cap of $4.66 billion, a PE ratio of 28.07 and a beta of 0.88. The business's 50 day simple moving average is $139.55 and its 200-day simple moving average is $147.35.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 3.51% and a return on equity of 17.26%. The company's revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.48 EPS. As a group, sell-side analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Trading of Landstar System

Large investors have recently made changes to their positions in the business. Alpine Bank Wealth Management acquired a new position in Landstar System during the first quarter worth $25,000. Colonial Trust Co SC boosted its stake in Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company's stock worth $32,000 after buying an additional 71 shares during the period. Geneos Wealth Management Inc. boosted its position in Landstar System by 132.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company's stock valued at $37,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Landstar System by 118.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company's stock worth $39,000 after acquiring an additional 152 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Landstar System by 106.2% in the first quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company's stock worth $45,000 after acquiring an additional 154 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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.

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