Stephens Lowers Landstar System (NASDAQ:LSTR) Price Target to $180.00

Landstar System (NASDAQ:LSTR) had its price target reduced by research analysts at Stephens from $190.00 to $180.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Stephens’ target price points to a potential upside of 2.66% from the stock’s current price.

LSTR has been the topic of a number of other research reports. Stifel Nicolaus decreased their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group lifted their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday. Raymond James lowered their target price on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Morgan Stanley decreased their target price on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Landstar System has a consensus rating of “Hold” and an average target price of $174.67.

Landstar System Price Performance

Shares of LSTR traded down $5.24 during mid-day trading on Wednesday, reaching $175.33. 343,914 shares of the stock traded hands, compared to its average volume of 259,350. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 26.93 and a beta of 0.80. Landstar System has a 1 year low of $163.37 and a 1 year high of $201.40. The firm has a fifty day moving average price of $183.61 and a 200 day moving average price of $182.44. 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 posted its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.05). Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $1.71 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts predict that Landstar System will post 5.84 earnings per share for the current year.

Hedge Funds Weigh In On Landstar System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its position in Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Mather Group LLC. raised its position in shares of Landstar System by 183.5% during the second quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after purchasing an additional 255 shares during the period. Quest Partners LLC acquired a new stake in shares of Landstar System in the second quarter valued at approximately $73,000. Whittier Trust Co. of Nevada Inc. boosted 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 during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Landstar System in the 1st quarter valued at about $86,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Company Profile

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.