Landstar System (NASDAQ:LSTR) Price Target Raised to $125.00 at Susquehanna

Landstar System (NASDAQ:LSTR) had its target price upped by investment analysts at Susquehanna from $120.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential downside of 10.31% from the stock’s current price.

LSTR has been the subject of several other reports. UBS Group set a $154.00 target price on shares of Landstar System in a research report on Wednesday, May 14th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Monday, April 14th. Wall Street Zen cut Landstar System from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. TD Cowen lowered their target price on Landstar System from $161.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. Finally, Evercore ISI reduced their price target on Landstar System from $137.00 to $136.00 and set an “in-line” rating for the company in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $150.38.

Landstar System Stock Performance

Shares of LSTR stock traded down $0.55 on Tuesday, reaching $139.37. The stock had a trading volume of 115,609 shares, compared to its average volume of 301,808. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03. Landstar System has a 1 year low of $128.99 and a 1 year high of $196.86. The stock has a market cap of $4.87 billion, a P/E ratio of 27.60 and a beta of 0.89. The company has a 50 day simple moving average of $138.23 and a 200 day simple moving average of $153.66.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, May 13th. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 18.23% and a net margin of 3.72%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 earnings per share. Equities research analysts expect that Landstar System will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Landstar System

A number of hedge funds have recently bought and sold shares of LSTR. Alpine Bank Wealth Management bought a new position in Landstar System during the 1st quarter valued at about $25,000. HM Payson & Co. bought a new stake in shares of Landstar System during the fourth quarter worth $26,000. Colonial Trust Co SC grew 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 worth $32,000 after purchasing an additional 71 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after buying an additional 142 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock worth $45,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

About Landstar System

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.