Stifel Nicolaus Forecasts Strong Price Appreciation for Landstar System (NASDAQ:LSTR) Stock

Landstar System (NASDAQ:LSTR) had its target price lifted by research analysts at Stifel Nicolaus from $140.00 to $147.00 in a report released on Wednesday, MarketBeat.com reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential downside of 5.77% from the company’s current price.

LSTR has been the topic of several other research reports. Truist Financial cut their target price on Landstar System from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. UBS Group dropped their price objective on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Cowen reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 9th. Zacks Research upgraded shares of Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Robert W. Baird set a $159.00 price target on shares of Landstar System in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $153.00.

Landstar System Stock Performance

Landstar System stock opened at $156.00 on Wednesday. The company’s 50-day moving average price is $139.02 and its 200-day moving average price is $134.11. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a market cap of $5.36 billion, a PE ratio of 39.80 and a beta of 0.84. Landstar System has a twelve month low of $119.32 and a twelve month high of $179.74.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business posted $1.41 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Landstar System will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Institutional investors have recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Landstar System by 0.4% in the third quarter. Vestmark Advisory Solutions Inc. now owns 20,585 shares of the transportation company’s stock valued at $2,523,000 after purchasing an additional 78 shares during the period. Cardinal Capital Management raised its position in Landstar System by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 24,324 shares of the transportation company’s stock valued at $2,981,000 after purchasing an additional 90 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Landstar System by 9.7% in the 3rd quarter. Huntington National Bank now owns 1,129 shares of the transportation company’s stock worth $138,000 after buying an additional 100 shares during the period. Eukles Asset Management grew its position in shares of Landstar System by 1.1% during the 2nd quarter. Eukles Asset Management now owns 10,053 shares of the transportation company’s stock worth $1,398,000 after buying an additional 105 shares in the last quarter. Finally, MAI Capital Management grew its position in shares of Landstar System by 79.3% during the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after buying an additional 107 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.