Stifel Nicolaus Issues Pessimistic Forecast for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its price objective dropped by investment analysts at Stifel Nicolaus from $147.00 to $140.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 3.17% from the company’s previous close.

LSTR has been the subject of a number of other reports. TD Cowen decreased their price objective on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Jefferies Financial Group cut their target price on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Benchmark restated a “hold” rating on shares of Landstar System in a research note on Monday, April 14th. Truist Financial cut their target price on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.08.

Landstar System Stock Performance

NASDAQ:LSTR opened at $144.59 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 2.21. The firm has a 50-day moving average of $141.36 and a two-hundred day moving average of $162.44. The stock has a market cap of $5.05 billion, a P/E ratio of 26.19 and a beta of 0.92. Landstar System has a 1-year low of $128.99 and a 1-year high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, May 13th. The transportation company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, research analysts expect that Landstar System will post 6.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in Landstar System in the fourth quarter worth about $25,000. HM Payson & Co. bought a new position in Landstar System in the fourth quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in Landstar System in the first quarter worth about $25,000. Colonial Trust Co SC raised its holdings in shares of Landstar System by 61.7% during the fourth quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after buying an additional 71 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Landstar System during the fourth quarter valued at approximately $34,000. Institutional investors 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.