Stifel Nicolaus Forecasts Strong Price Appreciation for Landstar System (NASDAQ:LSTR) Stock

Landstar System (NASDAQ:LSTR) had its price target hoisted by stock analysts at Stifel Nicolaus from $140.00 to $147.00 in a research report issued on Wednesday, MarketBeat reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 4.69% from the stock’s previous close.

A number of other equities analysts have also weighed in on LSTR. TD Cowen boosted their price objective on shares of Landstar System from $138.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, January 9th. Zacks Research upgraded Landstar System from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Susquehanna lifted their price target on shares of Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Evercore ISI increased their price objective on shares of Landstar System from $125.00 to $151.00 and gave the company an “in-line” rating in a research report on Monday. Finally, Morgan Stanley upped their target price on shares of Landstar System from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $149.25.

Landstar System Trading Up 0.4%

Landstar System stock traded up $0.69 during trading hours on Wednesday, reaching $154.23. The stock had a trading volume of 24,652 shares, compared to its average volume of 460,782. The company has a fifty day simple moving average of $137.93 and a 200-day simple moving average of $133.81. Landstar System has a 52 week low of $119.32 and a 52 week high of $179.74. The stock has a market cap of $5.30 billion, a PE ratio of 39.32 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 2.01.

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

Institutional Trading of Landstar System

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pallas Capital Advisors LLC acquired a new stake in Landstar System in the 4th quarter worth approximately $258,000. Petros Family Wealth LLC acquired a new position in Landstar System in the 4th quarter worth about $212,000. Curated Wealth Partners LLC raised its position in shares of Landstar System by 29.5% during the 4th quarter. Curated Wealth Partners LLC now owns 4,482 shares of the transportation company’s stock worth $644,000 after purchasing an additional 1,021 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Landstar System by 4.8% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 2,603 shares of the transportation company’s stock worth $374,000 after buying an additional 119 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Landstar System by 673.0% in the fourth quarter. SG Americas Securities LLC now owns 21,157 shares of the transportation company’s stock valued at $3,040,000 after purchasing an additional 18,420 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 through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.