Stifel Nicolaus analyst J. Bruce Chan maintained a Hold rating on Landstar System (LSTR – Research Report) on October 27 and set a price target of $165.00. The company’s shares closed last Friday at $162.63.
Bruce Chan covers the Industrials sector, focusing on stocks such as Forward Air, Landstar System, and Old Dominion Freight. According to TipRanks, Bruce Chan has an average return of 0.5% and a 46.31% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Landstar System with a $178.50 average price target, implying a 9.76% upside from current levels. In a report released on October 27, Susquehanna also maintained a Hold rating on the stock with a $173.00 price target.
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Based on Landstar System’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.37 billion and a net profit of $66.56 million. In comparison, last year the company earned a revenue of $1.98 billion and had a net profit of $112.56 million
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSTR in relation to earlier this year.
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Landstar System (LSTR) Company Description:
Landstar System, Inc. engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage. The Insurance segment includes risk and claims management services. The company was founded in January 1991 and is headquartered in Jacksonville, FL.
Read More on LSTR:
- Landstar System price target lowered to $190 from $210 at Stephens
- Landstar System reports Q3 EPS $1.71, consensus $1.71
- Landstar System Reports Third Quarter Revenue of $1.289B and Earnings Per Share of $1.71
- Is LSTR a Buy, Before Earnings?
- Landstar System price target lowered to $177 from $185 at Stifel
