Stifel Nicolaus Issues Positive Forecast for Landstar System (NASDAQ:LSTR) Stock Price

Key Points

• Stifel Nicolaus raised its price objective on Landstar System from $145 to $147 but maintained a "hold" rating, with the new target implying roughly a 9.21% downside from the prior close.
• The consensus remains a Hold with an average price target of $153; LSTR is trading around $161.92 near its 52‑week high, has a market cap of $5.5B and a PE of 48.95, and about 97.95% of the stock is held by institutions.

Landstar System (NASDAQ:LSTR - Get Free Report) had its price objective raised by Stifel Nicolaus from $145.00 to $147.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' target price suggests a potential downside of 9.21% from the company's previous close.

Other equities analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Landstar System from a "sell" rating to a "hold" rating in a report on Saturday, December 27th. Robert W. Baird set a $164.00 price objective on Landstar System in a research note on Friday, January 30th. Morgan Stanley boosted their price objective on Landstar System from $133.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, December 8th. Barclays upped their target price on Landstar System from $130.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 15th. Finally, TD Cowen reissued a "hold" rating on shares of Landstar System in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $153.00.

Landstar System Trading Up 0.2%

LSTR traded up $0.35 during trading on Thursday, reaching $161.92. 38,014 shares of the company's stock were exchanged, compared to its average volume of 560,734. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System has a one year low of $119.32 and a one year high of $166.11. The firm has a fifty day moving average price of $153.61 and a two-hundred day moving average price of $141.14. The stock has a market capitalization of $5.50 billion, a PE ratio of 48.95 and a beta of 0.80.

Institutional Investors Weigh In On Landstar System

Several institutional investors have recently bought and sold shares of LSTR. Rockefeller Capital Management L.P. lifted its holdings in Landstar System by 623.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,114 shares of the transportation company's stock worth $160,000 after acquiring an additional 960 shares during the period. River Road Asset Management LLC bought a new position in Landstar System in the 4th quarter valued at $18,082,000. Virtu Financial LLC purchased a new stake in shares of Landstar System during the 4th quarter valued at $351,000. Corient Private Wealth LLC raised its stake in shares of Landstar System by 99.5% during the 4th quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company's stock worth $105,877,000 after purchasing an additional 370,253 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in shares of Landstar System during the 4th quarter worth $1,552,000. Institutional investors own 97.95% of the company's stock.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar's proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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