Brokerages Set Landstar System, Inc. (NASDAQ:LSTR) Price Target at $155.67

Shares of Landstar System, Inc. (NASDAQ:LSTR) have received a consensus rating of “Reduce” from the fourteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and thirteen have given a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $155.67.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Truist Financial cut their price objective on Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. TD Cowen reduced their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. Stifel Nicolaus decreased their target price on Landstar System from $162.00 to $147.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Jefferies Financial Group lowered their target price on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, April 11th.

Institutional Investors Weigh In On Landstar System

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Landstar System during the 4th quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in Landstar System during the 1st quarter valued at about $25,000. HM Payson & Co. bought a new position in shares of Landstar System in the fourth quarter worth $26,000. Colonial Trust Co SC boosted its holdings 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 valued at $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Landstar System in the fourth quarter valued at $34,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Landstar System Trading Up 6.1%

LSTR opened at $143.81 on Friday. The stock has a 50-day moving average of $142.46 and a 200 day moving average of $162.99. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. Landstar System has a 12 month low of $128.99 and a 12 month high of $196.86. The firm has a market cap of $5.03 billion, a P/E ratio of 26.05 and a beta of 0.92.

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.