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Investing.com - UBS has lowered its price target on Landstar System (NASDAQ:LSTR) to $149.00 from $154.00 while maintaining a Neutral rating on the stock. The transportation company, currently trading at $134.07, has seen its shares decline 18.38% year-to-date, with InvestingPro data showing four analysts recently revising their earnings estimates downward.
The price target reduction reflects UBS’s revised 2026 earnings per share (EPS) estimate of $6.20, down from the previous estimate of $6.40.
UBS applied a price-to-earnings (P/E) multiple of 24x to its 2026 EPS estimate, representing the 10-year average plus 1.0 standard deviation, to calculate the new target price.
The firm noted that Landstar is currently trading at a P/E of 28x based on UBS’s rolling forward EPS estimate, suggesting the stock already reflects market expectations of an improving truckload market in 2025.
UBS maintained its Neutral rating on Landstar System, indicating a balanced view on the stock’s potential performance relative to its current valuation.
In other recent news, Landstar System reported its second quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.20, exceeding the forecast of $1.17 set by analysts. Despite this EPS beat, revenue was reported at $1.211 billion, reflecting a 1.1% decline compared to the same period last year. Benchmark has maintained its Hold rating on the stock following these results. The earnings report also highlighted a 19% decline in EPS year-over-year, despite the slight beat over the estimates. The revenue figure remained consistent with forecasts, though it showed a year-over-year decrease. These developments provide investors with insight into Landstar System’s recent financial performance.
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