Deutsche Bank Maintains Hold Rating for Landstar System: Here's What You Need To Know

Deutsche Bank has decided to maintain its Hold rating of Landstar System LSTR and lower its price target from $189.00 to $182.00.

Shares of Landstar System are trading down 1.44% over the last 24 hours, at $169.25 per share.

A move to $182.00 would account for a 7.54% increase from the current share price.

About Landstar System

Landstar System is an agent based asset-light third-party logistics provider focused on over-the-road truck transportation (92% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.