JPMorgan Chase & Co. Has Lowered Expectations for Landstar System (NASDAQ:LSTR) Stock Price

Landstar System (NASDAQ:LSTR) had its target price decreased by research analysts at JPMorgan Chase & Co. from $147.00 to $138.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.80% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Baird R W upgraded Landstar System to a “strong-buy” rating in a research note on Tuesday, July 1st. Zacks Research raised Landstar System from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. TD Cowen decreased their price target on Landstar System from $141.00 to $135.00 and set a “hold” rating for the company in a report on Wednesday, July 30th. Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Barclays cut their target price on shares of Landstar System from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $142.36.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $129.21 on Wednesday. Landstar System has a twelve month low of $119.32 and a twelve month high of $196.86. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.48 billion, a PE ratio of 27.09 and a beta of 0.82. The company’s 50 day moving average is $128.42 and its 200 day moving average is $135.70.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. Landstar System had a net margin of 3.51% and a return on equity of 17.49%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $1.48 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Landstar System will post 6.1 EPS for the current year.

Institutional Trading of Landstar System

Several institutional investors have recently modified their holdings of the stock. Alpine Bank Wealth Management purchased a new stake in shares of Landstar System during the first quarter worth about $25,000. MAI Capital Management boosted its holdings in Landstar System by 79.3% in the 2nd quarter. MAI Capital Management now owns 242 shares of the transportation company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Landstar System by 118.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 280 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 152 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Landstar System by 7,650.0% in the second quarter. Hantz Financial Services Inc. now owns 310 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 306 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

Landstar System Company Profile

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.