Evercore ISI Increases Landstar System (NASDAQ:LSTR) Price Target to $173.00

Landstar System (NASDAQ:LSTR) had its price target increased by analysts at Evercore ISI from $161.00 to $173.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective would suggest a potential downside of 5.23% from the company’s current price.

A number of other analysts also recently weighed in on LSTR. Susquehanna reduced their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Raymond James started coverage on Landstar System in a research report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price objective on the stock. Benchmark reiterated a “hold” rating on shares of Landstar System in a report on Friday, April 26th. Finally, Stifel Nicolaus decreased their price target on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $182.55.

Landstar System Stock Performance

LSTR opened at $182.55 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 28.08 and a beta of 0.83. The company has a fifty day moving average of $179.69 and a 200 day moving average of $186.10. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.04. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. As a group, sell-side analysts forecast that Landstar System will post 6.31 earnings per share for the current fiscal year.

Institutional Trading of Landstar System

A number of hedge funds have recently bought and sold shares of LSTR. Mather Group LLC. purchased a new position in Landstar System in the first quarter valued at about $27,000. SRS Capital Advisors Inc. lifted its position in shares of Landstar System by 209.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 192 shares of the transportation company’s stock valued at $37,000 after buying an additional 130 shares during the last quarter. Montag A & Associates Inc. bought a new stake in shares of Landstar System in the 4th quarter valued at about $48,000. GAMMA Investing LLC purchased a new position in shares of Landstar System in the 4th quarter worth approximately $58,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Landstar System in the 1st quarter worth approximately $86,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

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, such as third party logistics and less-than-truckload services.