Landstar System (NASDAQ:LSTR) Given New $145.00 Price Target at TD Cowen

Landstar System (NASDAQ:LSTR - Get Free Report) had its price target lowered by research analysts at TD Cowen from $161.00 to $145.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a "hold" rating on the transportation company's stock. TD Cowen's price target points to a potential upside of 7.74% from the stock's previous close.

Several other research firms have also recently commented on LSTR. Truist Financial initiated coverage on shares of Landstar System in a research note on Thursday, March 13th. They issued a "hold" rating and a $160.00 target price for the company. Benchmark reissued a "hold" rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Susquehanna decreased their price target on shares of Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Landstar System from $184.00 to $177.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, Landstar System presently has a consensus rating of "Hold" and an average target price of $159.55.

Remove Ads

Landstar System Price Performance

LSTR traded down $2.05 during midday trading on Thursday, reaching $134.59. 324,895 shares of the company's stock were exchanged, compared to its average volume of 278,739. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The business's 50-day moving average price is $156.41 and its 200 day moving average price is $172.27. Landstar System has a 1-year low of $130.22 and a 1-year high of $196.86. The stock has a market capitalization of $4.75 billion, a PE ratio of 24.40 and a beta of 0.88.

Landstar System (NASDAQ:LSTR - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, equities analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Trading of Landstar System

Large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Landstar System during the fourth quarter valued at about $25,000. HM Payson & Co. acquired a new stake in shares of Landstar System during the fourth quarter worth approximately $26,000. Colonial Trust Co SC increased its stake in shares of Landstar System by 61.7% in 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 last quarter. Trust Co. of Vermont bought a new position in Landstar System during the fourth quarter worth $34,000. Finally, Transce3nd LLC bought a new stake in Landstar System during the fourth quarter valued at $60,000. 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.