Landstar System (NASDAQ:LSTR)‘s stock had its “market perform” rating reissued by Cowen in a report issued on Thursday, MarketBeat.com reports. They presently have a $108.00 price target on the transportation company’s stock, down from their previous price target of $118.00. Cowen’s price objective would suggest a potential upside of 5.21% from the company’s current price.

A number of other brokerages also recently weighed in on LSTR. Zacks Investment Research downgraded Landstar System from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Buckingham Research lifted their price target on Landstar System from $130.00 to $131.00 and gave the company a “neutral” rating in a report on Wednesday, April 4th. Cleveland Research upgraded Landstar System from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Morgan Stanley lifted their price target on Landstar System from $94.00 to $96.00 and gave the company an “underweight” rating in a report on Friday, April 6th. Finally, Stephens reiterated a “buy” rating and set a $143.00 price target on shares of Landstar System in a report on Monday, April 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Landstar System presently has an average rating of “Buy” and a consensus price target of $112.31.

Shares of LSTR stock opened at $102.65 on Thursday. Landstar System has a 1-year low of $80.00 and a 1-year high of $118.60. The company has a current ratio of 1.96, a quick ratio of 1.75 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4,225.68, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 25th. The transportation company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. Landstar System had a return on equity of 27.86% and a net margin of 5.17%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. Landstar System’s revenue for the quarter was up 34.2% compared to the same quarter last year. equities research analysts anticipate that Landstar System will post 5.58 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in Landstar System by 6.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 295,684 shares of the transportation company’s stock valued at $30,781,000 after purchasing an additional 17,340 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Landstar System by 64.5% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 246,964 shares of the transportation company’s stock valued at $25,708,000 after purchasing an additional 96,840 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Landstar System by 55.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 137,225 shares of the transportation company’s stock valued at $14,285,000 after purchasing an additional 48,700 shares during the last quarter. Spectrum Asset Management Inc. NB CA acquired a new stake in Landstar System during the fourth quarter valued at $933,000. Finally, Swiss National Bank boosted its position in Landstar System by 1.9% during the fourth quarter. Swiss National Bank now owns 71,400 shares of the transportation company’s stock valued at $7,433,000 after purchasing an additional 1,300 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

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, including third party logistics and less-than-truckload service providers.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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