TD Cowen Lowers Landstar System (NASDAQ:LSTR) Price Target to $145.00

Landstar System (NASDAQ:LSTR) had its price objective dropped by equities researchers at TD Cowen from $161.00 to $145.00 in a research note issued on Thursday,Briefing.com Automated Import reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target suggests a potential downside of 4.56% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus increased their price objective on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Truist Financial assumed coverage on Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price target for the company. Finally, Susquehanna decreased their target price on Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $164.09.

Landstar System Stock Up 1.2 %

Shares of NASDAQ LSTR opened at $151.93 on Thursday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 27.52 and a beta of 0.82. The company’s 50-day simple moving average is $157.89 and its 200-day simple moving average is $172.99. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. Landstar System has a 52-week low of $143.76 and a 52-week high of $196.86.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a return on equity of 19.56% and a net margin of 4.07%. Equities analysts predict that Landstar System will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Landstar System

Institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of Landstar System during the 4th quarter worth approximately $25,000. HM Payson & Co. purchased a new position in Landstar System in the fourth quarter valued at about $26,000. Colonial Trust Co SC lifted its position in shares of Landstar System by 61.7% during the 4th quarter. Colonial Trust Co SC now owns 186 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Landstar System during the 4th quarter worth approximately $34,000. Finally, Transce3nd LLC acquired a new stake in shares of Landstar System in the 4th quarter worth approximately $60,000. 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.