Landstar System (NASDAQ:LSTR) Price Target Raised to $165.00 at Susquehanna

Landstar System (NASDAQ:LSTR) had its price target upped by equities researchers at Susquehanna from $160.00 to $165.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential downside of 14.89% from the company’s previous close.

LSTR has been the subject of a number of other reports. TD Cowen boosted their price target on Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday. Evercore ISI raised their price target on shares of Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Stifel Nicolaus cut their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Morgan Stanley lowered their price target on 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. Finally, Raymond James began coverage on shares of Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus price target of $180.82.

Landstar System Stock Performance

NASDAQ:LSTR opened at $193.87 on Wednesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 29.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. Landstar System has a 1-year low of $161.13 and a 1-year high of $203.65. The firm’s fifty day moving average price is $182.41 and its 200 day moving average price is $184.92.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. On average, sell-side analysts expect that Landstar System will post 6.24 EPS for the current year.

Institutional Trading of Landstar System

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Landstar System by 18.7% in the 4th quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 119 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Landstar System by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 8,670 shares of the transportation company’s stock valued at $1,679,000 after buying an additional 100 shares during the period. Trust Point Inc. acquired a new stake in Landstar System during the fourth quarter worth about $377,000. Compass Ion Advisors LLC bought a new stake in shares of Landstar System in the 4th quarter worth approximately $205,000. Finally, Boston Trust Walden Corp boosted its position in Landstar System by 1.2% during the 4th quarter. Boston Trust Walden Corp now owns 235,854 shares of the transportation company’s stock valued at $45,673,000 after purchasing an additional 2,722 shares during the period. 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.