JPMorgan Chase & Co. Has Lowered Expectations for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its price target decreased by research analysts at JPMorgan Chase & Co. from $138.00 to $134.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.90% from the company’s previous close.

A number of other research analysts also recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Landstar System in a research report on Wednesday, October 8th. TD Cowen decreased their target price on Landstar System from $135.00 to $127.00 and set a “hold” rating for the company in a research report on Wednesday. Evercore ISI decreased their target price on Landstar System from $132.00 to $125.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. Wall Street Zen downgraded Landstar System from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Baird R W upgraded Landstar System to a “strong-buy” rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Landstar System presently has an average rating of “Hold” and an average target price of $134.60.

Landstar System Stock Up 0.7%

NASDAQ LSTR opened at $125.35 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.00 and a current ratio of 2.01. The company has a market capitalization of $4.34 billion, a P/E ratio of 31.98 and a beta of 0.82. Landstar System has a one year low of $119.32 and a one year high of $196.86. The stock has a 50 day moving average price of $128.25 and a 200-day moving average price of $134.23.

Landstar System (NASDAQ:LSTR) last posted its 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). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share. As a group, equities analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Landstar System

Several institutional investors have recently made changes to their positions in LSTR. Parkside Financial Bank & Trust grew its stake in Landstar System by 17.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,762 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 256 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Landstar System by 57.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,160 shares of the transportation company’s stock valued at $878,000 after purchasing an additional 2,602 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Landstar System by 31.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,730 shares of the transportation company’s stock valued at $586,000 after purchasing an additional 1,121 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Landstar System by 52.9% in the third quarter. Evergreen Capital Management LLC now owns 2,659 shares of the transportation company’s stock valued at $326,000 after purchasing an additional 920 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in Landstar System by 9.9% in the third quarter. Confluence Wealth Services Inc. now owns 8,149 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 731 shares during the last quarter. Hedge funds and other 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.