Cowen & Co. Sticks to Their Hold Rating for Landstar System Inc (LSTR)

By Austin Angelo

In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on Landstar System Inc (LSTRResearch Report), with a price target of $113. The company’s shares closed yesterday at $100.18.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.0% and a 71.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

The word on The Street in general, suggests a Hold analyst consensus rating for Landstar System Inc with a $109.20 average price target, which is a 9.0% upside from current levels. In a report released today, Credit Suisse also reiterated a Hold rating on the stock with a $104 price target.

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The company has a one-year high of $128.70 and a one-year low of $90.23. Currently, Landstar System Inc has an average volume of 371.9K.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.

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Landstar System, Inc.engages in the provision of transportation management solutions. It operates through the Transportation Logistics and Insurance segments.