JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Landstar System (NASDAQ:LSTR) Stock

by · The Cerbat Gem

Landstar System (NASDAQ:LSTR – Get Free Report) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $134.00 to $162.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 3.60% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Barclays reduced their price objective on Landstar System from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $170.00 in a research report on Tuesday, January 6th. Stifel Nicolaus boosted their price objective on shares of Landstar System from $127.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Robert W. Baird set a $159.00 price objective on shares of Landstar System in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $146.50.

Read Our Latest Stock Report on Landstar System

Landstar System Trading Up 0.4%

Shares of NASDAQ:LSTR traded up $0.67 during mid-day trading on Monday, hitting $156.37. The stock had a trading volume of 312,384 shares, compared to its average volume of 482,814. The company’s 50 day moving average is $136.83 and its 200-day moving average is $133.59. Landstar System has a 12-month low of $119.32 and a 12-month high of $179.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $5.37 billion, a PE ratio of 39.87 and a beta of 0.84.

Landstar System (NASDAQ:LSTR – Get Free Report) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a net margin of 2.87% and a return on equity of 17.24%. Landstar System’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. On average, sell-side analysts predict that Landstar System will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Landstar System

Large investors have recently bought and sold shares of the business. Boston Partners increased its position in Landstar System by 24.1% in the 3rd quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock worth $216,242,000 after buying an additional 341,808 shares during the period. First Trust Advisors LP grew its stake in shares of Landstar System by 31.8% in the third quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock worth $118,184,000 after acquiring an additional 232,682 shares during the last quarter. JPMorgan Chase & Co. increased its position in Landstar System by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock worth $91,492,000 after acquiring an additional 21,163 shares during the period. Northern Trust Corp raised its stake in Landstar System by 4.3% during the 3rd quarter. Northern Trust Corp now owns 646,691 shares of the transportation company’s stock valued at $79,258,000 after purchasing an additional 26,905 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in Landstar System by 36.4% during the 3rd quarter. Reinhart Partners LLC. now owns 581,293 shares of the transportation company’s stock valued at $71,245,000 after purchasing an additional 155,260 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors.

Landstar System Company Profile

(Get Free Report)

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.

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