JPMorgan Chase & Co. Issues Pessimistic Forecast for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $204.00 to $181.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.07% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Landstar System from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Morgan Stanley restated an “underweight” rating and issued a $145.00 price objective on shares of Landstar System in a research note on Monday, July 6th. TD Cowen reduced their price target on shares of Landstar System from $182.00 to $178.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Janney Montgomery Scott set a $182.00 price target on shares of Landstar System in a research report on Wednesday, July 29th. Finally, Stephens upgraded shares of Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and an average target price of $193.29.

Landstar System Stock Down 1.3%

Shares of LSTR stock opened at $169.05 on Monday. Landstar System has a twelve month low of $121.11 and a twelve month high of $228.46. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 43.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.82 and a current ratio of 1.82. The stock’s 50 day simple moving average is $176.22 and its 200 day simple moving average is $185.87.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. Landstar System had a return on equity of 20.84% and a net margin of 2.64%.Landstar System’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. As a group, research analysts predict that Landstar System will post 5.84 EPS for the current year.

Institutional Investors Weigh In On Landstar System

A number of institutional investors have recently bought and sold shares of LSTR. Elevation Wealth Partners LLC boosted its position in Landstar System by 41.8% in the second quarter. Elevation Wealth Partners LLC now owns 224 shares of the transportation company’s stock valued at $46,000 after buying an additional 66 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Landstar System by 1.5% during the first quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock worth $755,000 after buying an additional 68 shares in the last quarter. Petros Family Wealth LLC increased its holdings in shares of Landstar System by 4.9% during the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock worth $248,000 after buying an additional 73 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Landstar System by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,987 shares of the transportation company’s stock valued at $1,120,000 after acquiring an additional 91 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of Landstar System by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,170 shares of the transportation company’s stock valued at $1,310,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

About Landstar System

Landstar System, Inc is a transportation and logistics company that provides asset-light freight transportation services through a network of independent agents, third-party capacity providers and company employees. The company coordinates the movement of freight for customers across a range of industries, matching shipments with available transportation resources.

Landstar’s services include truckload transportation, expedited and time-critical delivery, less-than-truckload shipping, heavy-haul and specialized transport, and freight brokerage.