In a report released today, Jason Seidl from Cowen & Co. reiterated a Hold rating on Landstar System (LSTR – Research Report), with a price target of $157.00. The company’s shares closed last Thursday at $152.70.
According to TipRanks.com, Seidl is a top 25 analyst with an average return of 26.1% and a 72.5% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Covenant Logistics Group, and Expeditors International.
Currently, the analyst consensus on Landstar System is a Hold with an average price target of $156.60, implying a 0.2% upside from current levels. In a report issued on July 12, Evercore ISI also maintained a Hold rating on the stock with a $161.00 price target.
Landstar System’s market cap is currently $5.8B and has a P/E ratio of 13.82.
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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.
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