TD Cowen Lowers Landstar System (NASDAQ:LSTR) Price Target to $127.00

Landstar System (NASDAQ:LSTR) had its price target reduced by research analysts at TD Cowen from $135.00 to $127.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 1.32% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Wall Street Zen downgraded Landstar System from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Stifel Nicolaus decreased their price objective on shares of Landstar System from $131.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 3rd. Robert W. Baird began coverage on shares of Landstar System in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $166.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Landstar System from $147.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Baird R W raised shares of Landstar System to a “strong-buy” rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.60.

Landstar System Stock Performance

LSTR stock opened at $125.35 on Wednesday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 31.98 and a beta of 0.82. Landstar System has a twelve month low of $119.32 and a twelve month high of $196.86. The business’s fifty day simple moving average is $128.25 and its two-hundred day simple moving average is $134.23. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

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

Hedge Funds Weigh In On Landstar System

Several large investors have recently bought and sold shares of LSTR. MAI Capital Management increased its stake in Landstar System by 79.3% in the second quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Landstar System by 118.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Landstar System by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 154 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Landstar System by 7,650.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock valued at $43,000 after buying an additional 306 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.