Landstar System, Inc. (NASDAQ:LSTR)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a report released on Tuesday. They currently have a $95.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 0.42% from the company’s current price.
Several other brokerages have also weighed in on LSTR. BidaskClub lowered Landstar System from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stephens raised Landstar System from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $88.00 to $103.00 in a research report on Wednesday, August 30th. Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, July 6th. Morgan Stanley raised their price target on Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Monday, August 7th. Finally, Cowen and Company reissued a “hold” rating and set a $86.00 price target on shares of Landstar System in a report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $87.63.
Landstar System (NASDAQ LSTR) traded up 0.05% during trading on Tuesday, reaching $94.65. 76,357 shares of the company were exchanged. The stock has a market capitalization of $3.97 billion, a PE ratio of 27.34 and a beta of 0.74. The firm’s 50 day moving average is $85.87 and its 200 day moving average is $85.46. Landstar System has a 52-week low of $65.05 and a 52-week high of $95.45.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The firm had revenue of $870.34 million for the quarter, compared to analyst estimates of $859.30 million. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Landstar System will post $3.56 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Landstar System by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,119 shares of the transportation company’s stock valued at $524,000 after buying an additional 17 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Landstar System by 0.4% during the second quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock valued at $388,000 after buying an additional 20 shares in the last quarter. BB&T Corp boosted its stake in Landstar System by 1.3% during the second quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock valued at $260,000 after buying an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Landstar System by 0.5% during the second quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock valued at $751,000 after buying an additional 40 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Landstar System by 2.9% during the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after buying an additional 47 shares in the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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