TOday’s Movers: Landstar System (NASDAQ:LSTR) Stock Rating Reaffirmed by Analysts at Cowen; $113 Target Price Indicates 4.15 % Potential

July 27, 2018 - By Margaret Guttierez

Landstar System, Inc. (NASDAQ:LSTR) Logo

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.14, from 1 in 2017Q4. It dived, as 23 investors sold Landstar System, Inc. shares while 116 reduced holdings. 40 funds opened positions while 79 raised stakes. 39.26 million shares or 2.19% less from 40.14 million shares in 2017Q4 were reported.

Moreover, Chicago Equity Prtn Limited Liability Co has 0.21% invested in Landstar System, Inc. (NASDAQ:LSTR). Alliancebernstein Lp holds 0% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 42,251 shares. California Public Employees Retirement System reported 118,818 shares or 0.02% of all its holdings. Tower Research Lc (Trc) invested in 9,878 shares or 0.09% of the stock. One Natl Association accumulated 0.74% or 96,593 shares. Teachers Retirement Systems Of The State Of Kentucky has 0.01% invested in Landstar System, Inc. (NASDAQ:LSTR) for 8,954 shares. 103 were reported by Cornerstone Advsr. State Of Tennessee Treasury Department, Tennessee-based fund reported 40,000 shares. Rocky Mountain Advisers Limited Liability Corporation has 54 shares. Neuberger Berman Grp Inc Ltd Limited Liability Company holds 0% or 2,974 shares in its portfolio. Price T Rowe Md has invested 0.04% in Landstar System, Inc. (NASDAQ:LSTR). Smith Asset Grp Inc L P has 195,592 shares. First Republic Inv Mngmt holds 0.01% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 12,686 shares. Earnest Partners Ltd Liability Corp accumulated 0% or 40 shares. Rafferty Asset Lc owns 4,027 shares.

Since June 11, 2018, it had 0 insider purchases, and 1 insider sale for $209,495 activity.

Landstar System (NASDAQ:LSTR) Rating Reaffirmed

Cowen now has a $113 target price on shares of Landstar System (NASDAQ:LSTR). The target price suggests a potential upside of 4.15 % from the stock close price of Landstar System (NASDAQ:LSTR). This rating was revealed in an analyst report on Friday, 27 July.

Landstar System, Inc. (NASDAQ:LSTR) Ratings Coverage

Among 9 analysts covering Landstar System Inc (NASDAQ:LSTR), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Landstar System Inc has $14300 highest and $94 lowest target. $122.75’s average target is 13.13% above currents $108.5 stock price. Landstar System Inc had 14 analyst reports since February 1, 2018 according to SRatingsIntel. On Friday, February 2 the stock rating was maintained by Buckingham Research with “Neutral”. The stock has “Buy” rating by Goldman Sachs on Tuesday, April 10. As per Friday, July 13, the company rating was downgraded by Susquehanna. The firm has “Buy” rating given on Monday, April 16 by Susquehanna. Buckingham Research maintained Landstar System, Inc. (NASDAQ:LSTR) on Wednesday, April 4 with “Neutral” rating. Stifel Nicolaus maintained the shares of LSTR in report on Tuesday, June 19 with “Hold” rating. KeyBanc Capital Markets maintained Landstar System, Inc. (NASDAQ:LSTR) on Thursday, February 1 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 1 by Susquehanna. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Hold” rating by Robert W. Baird on Thursday, February 1. The rating was maintained by Morgan Stanley on Monday, February 26 with “Underweight”.

The stock decreased 0.46% or $0.5 during the last trading session, reaching $108.5. About 884,069 shares traded or 167.43% up from the average. Landstar System, Inc. (NASDAQ:LSTR) has risen 36.03% since July 27, 2017 and is uptrending. It has outperformed by 23.46% the S&P500.

Landstar System, Inc. provides integrated transportation management solutions in the United States and internationally. The company has market cap of $4.56 billion. It operates through two divisions, Transportation Logistics and Insurance. It has a 22.56 P/E ratio. 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, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including logistics and less-than-truckload service providers.

More notable recent Landstar System, Inc. (NASDAQ:LSTR) news were published by: Globenewswire.com which released: “Landstar to Release Second Quarter Results on Wednesday, July 25, 2018” on July 11, 2018, also Nasdaq.com with their article: “Landstar System Reports Record Quarterly Revenue of $1.183 Billion and Record Second Quarter Diluted Earnings …” published on July 25, 2018, Streetinsider.com published: “Landstar System, Inc. (LSTR) Misses Q2 EPS by 2c, Revenues Beat; Offers 3Q EPS Views Above Consensus” on July 25, 2018. More interesting news about Landstar System, Inc. (NASDAQ:LSTR) were released by: Bizjournals.com and their article: “First Coast’s fastest growing companies of 2018 – Momentum Transportation USA Inc.” published on July 16, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For July 25, 2018” with publication date: July 25, 2018.

Landstar System, Inc. (NASDAQ:LSTR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.