Landstar System (NASDAQ:LSTR) Price Target Raised to $186.00

Landstar System (NASDAQ:LSTR) had its price objective lifted by analysts at UBS Group from $184.00 to $186.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. UBS Group’s target price suggests a potential upside of 5.82% from the company’s previous close.

A number of other brokerages also recently weighed in on LSTR. JPMorgan Chase & Co. upped their price objective on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group reduced their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Evercore ISI decreased their target price on Landstar System from $167.00 to $165.00 and set an “in-line” rating on the stock in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus cut their price target on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $174.67.

Landstar System Stock Down 0.7 %

Landstar System stock opened at $175.77 on Wednesday. The business’s 50-day moving average price is $183.40 and its 200 day moving average price is $182.40. The company has a quick ratio of 2.17, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 30.15 and a beta of 0.80. Landstar System has a 52 week low of $163.37 and a 52 week high of $201.40.

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 the consensus estimate of $1.46 by ($0.05). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.71 earnings per share. Landstar System’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Landstar System will post 5.77 earnings per share for the current year.

Institutional Investors Weigh In On Landstar System

Several hedge funds and other institutional investors have recently made changes to their positions in LSTR. Olympiad Research LP purchased a new stake in Landstar System in the 3rd quarter valued at $205,000. QRG Capital Management Inc. purchased a new stake in shares of Landstar System in the third quarter valued at about $207,000. Van ECK Associates Corp increased its position in Landstar System by 40.0% during the third quarter. Van ECK Associates Corp now owns 25,156 shares of the transportation company’s stock worth $4,529,000 after purchasing an additional 7,188 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in Landstar System by 10.0% during the third quarter. Confluence Wealth Services Inc. now owns 5,639 shares of the transportation company’s stock worth $1,065,000 after purchasing an additional 513 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Landstar System by 111.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,751 shares of the transportation company’s stock valued at $1,653,000 after purchasing an additional 4,606 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.