Credit Suisse Keeps Their Hold Rating on Landstar System Inc (LSTR)

By Ryan Adsit

In a report issued on September 12, Allison Landry from Credit Suisse maintained a Hold rating on Landstar System Inc (LSTRResearch Report), with a price target of $103. The company’s shares closed last Monday at $113.27.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 11.3% and a 65.7% success rate. Landry covers the Services sector, focusing on stocks such as Schneider National Inc, Kansas City Southern, and Old Dominion Freight.

Landstar System Inc has an analyst consensus of Hold, with a price target consensus of $105.80, implying a -7.0% downside from current levels. In a report issued on September 12, Cowen & Co. also assigned a Hold rating to the stock with a $118 price target.

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Based on Landstar System Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $61.1 million. In comparison, last year the company had a net profit of $62.52 million.

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