Jefferies Maintains a 'Hold' on Landstar System (LSTR); Follow-Up Thoughts After Q4

Jefferies maintains a 'Hold' on Landstar System (NASDAQ: LSTR) price target raised from $51 to $54.

Jefferies analyst said, "LSTR shares were flattish after posting a modestly upside 4Q report and 2012 guidance above consensus. LSTR stands to benefit from tightening flatbed capacity (the tightest of all transportation modes we track) and strong pricing. However, valuation still keeps us on the sidelines."

"What to do with the stock from here? LSTR’s time is coming, in our view. LSTR’s execution has been strong in recent quarters and flatbed pricing continues to trend well. However, at 18.1x our forward EPS currently, we find the stock fairly valued and thus not actionable at this time."

For an analyst ratings summary and ratings history on Landstar System click here. For more ratings news on Landstar System click here.

Shares of Landstar System closed at $51.61 yesterday.

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