Landstar System, Inc. (NASDAQ:LSTR) Price Target Increased to $73.00 by Analysts at Morgan Stanley

Landstar System, Inc. (NASDAQ:LSTR) had its price objective lifted by stock analysts at Morgan Stanley from $68.00 to $73.00 in a research note issued to investors on Thursday, October 5th. The firm currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential downside of 25.70% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Landstar System from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Stephens raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $88.00 to $103.00 in a research report on Wednesday, August 30th. BidaskClub cut shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus raised shares of Landstar System from a “hold” rating to a “buy” rating and increased their price target for the stock from $87.00 to $95.00 in a research report on Monday, July 31st. Finally, Deutsche Bank AG cut shares of Landstar System from a “buy” rating to a “hold” rating and reduced their price target for the stock from $97.00 to $87.00 in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $93.10.

Shares of Landstar System (NASDAQ:LSTR) traded down 0.56% during trading on Thursday, hitting $97.70. 42,924 shares of the company traded hands. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 28.22 and a beta of 0.76. The company has a 50 day moving average price of $96.30 and a 200 day moving average price of $87.67. Landstar System has a 52 week low of $65.05 and a 52 week high of $101.75.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.31% and a return on equity of 25.43%. The company had revenue of $870.34 million for the quarter, compared to analysts’ expectations of $859.30 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. Landstar System’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that Landstar System will post $3.61 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in LSTR. BlackRock Inc. increased its stake in Landstar System by 7,684.2% in the first quarter. BlackRock Inc. now owns 4,087,876 shares of the transportation company’s stock valued at $350,127,000 after purchasing an additional 4,035,361 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Landstar System in the second quarter valued at approximately $57,249,000. FMR LLC increased its stake in Landstar System by 64.7% in the second quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock valued at $103,575,000 after purchasing an additional 475,220 shares during the last quarter. Koch Industries Inc. purchased a new position in Landstar System in the second quarter valued at approximately $339,000. Finally, Alliancebernstein L.P. increased its stake in Landstar System by 641.1% in the second quarter. Alliancebernstein L.P. now owns 192,125 shares of the transportation company’s stock valued at $16,446,000 after purchasing an additional 166,201 shares during the last quarter. Institutional investors own 96.99% of the company’s stock.

Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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