Jefferies analyst Stephanie Moore has adjusted the price target for Landstar System (LSTR, Financial), reducing it from $170 to $150. Despite maintaining a Hold rating on the company's shares, Moore notes that the demand and volumes in truckload services will likely remain subdued in the first quarter.
However, the analyst highlights some positive signs in the market. Tender rejection rates and load-to-truck ratios are showing greater stability, indicating a movement towards a more balanced supply-demand environment compared to the past two years. This stabilization may lead to an increase in spot rates in the upcoming months.
Investors are encouraged by these developments, as they suggest a closer approach to market equilibrium. Although current demand is not yet at full strength, the improving metrics offer a glimmer of hope for future rate increases in the trucking industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Landstar System Inc (LSTR, Financial) is $157.12 with a high estimate of $186.00 and a low estimate of $120.00. The average target implies an upside of 13.14% from the current price of $138.87. More detailed estimate data can be found on the Landstar System Inc (LSTR) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Landstar System Inc's (LSTR, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Landstar System Inc (LSTR, Financial) in one year is $147.22, suggesting a upside of 6.01% from the current price of $138.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Landstar System Inc (LSTR) Summary page.
