TD Cowen Cuts Landstar System (NASDAQ:LSTR) Price Target to $145.00

Landstar System (NASDAQ:LSTR) had its price objective reduced by analysts at TD Cowen from $161.00 to $145.00 in a note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential downside of 4.56% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target on the stock. Susquehanna decreased their price objective on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus raised their target price on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $164.09.

Landstar System Trading Up 1.2 %

Shares of Landstar System stock opened at $151.93 on Thursday. The firm has a market cap of $5.37 billion, a PE ratio of 27.52 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System has a fifty-two week low of $143.76 and a fifty-two week high of $196.86. The business’s fifty day moving average is $157.89 and its two-hundred day moving average is $172.99.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data 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%. Analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

Hedge Funds Weigh In On Landstar System

Several hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Landstar System during the 4th quarter valued at about $25,000. HM Payson & Co. acquired a new stake in Landstar System in the 4th quarter valued at approximately $26,000. Colonial Trust Co SC raised its stake in Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at about $34,000. Finally, BOKF NA raised its stake in shares of Landstar System by 56.1% during the fourth quarter. BOKF NA now owns 348 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 125 shares in the last quarter. 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.