Landstar System (LSTR) Gets a Sell Rating from Morgan Stanley
In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on Landstar System (LSTR), with a price target of $73.00. The company’s shares closed last Wednesday at $98.33.
According to TipRanks.com, Shanker is a 4-star analyst with an average return of 3.8% and a 62.9% success rate. Shanker covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Knight Transportation.
Currently, the analyst consensus on Landstar System is a Moderate Buy with an average price target of $110.57.
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Landstar System’s market cap is currently $3.85B and has a P/E ratio of 17.40. The company has a Price to Book ratio of 5.75.
Based on the recent corporate insider activity of 16 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, 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.