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A statement released earlier today by Stifel about Landstar System (NASDAQ:LSTR) raises the target price to $79.00

Landstar System (NASDAQ:LSTR) had its target price raised to $79.00 by Stifel in a report released 2/10/2017. The new target price indicates a possible downside of -0.08% based on the company's last stock close price.

Previously on 02/03/2017, Cowen reported about Landstar System (NASDAQ:LSTR) raised the target price from $70.00 to $76.00. At the time, this indicated a possible downside of -0.09%.

Yesterday Landstar System (NASDAQ:LSTR) traded 1.16% higher at $85.95. The company’s 50-day moving average is $84.96 and its 200-day moving average is $75.97. The last stock close price is up 14.45% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 279,121 shares of the stock were exchanged, down from an average trading volume of 403,835

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Landstar System (NASDAQ:LSTR)

Landstar System has a 52 week low of $57.02 and a 52 week high of $90.80 with a P/E ratio of 26.75 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $66.18 with 3 firms rating the stock a strong buy, 0 firms rating the stock a buy, 16 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Landstar System (NASDAQ:LSTR)

Landstar System, Inc. (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer's transportation needs. It operates in two segments: the Transportation Logistics segment and the Insurance segment. The Transportation Logistics segment provides a range of integrated transportation management solutions. Transportation services offered by it include truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul or specialized, the United States-Canada and the United States-Mexico cross-border, project cargo and customs brokerage. The insurance segment consists of Signature Insurance Company, which is an offshore insurance subsidiary, and Risk Management Claim Services, Inc.

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