News coverage about Landstar System (NASDAQ:LSTR) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Landstar System earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.3104137220498 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
LSTR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, January 2nd. Morgan Stanley raised their price objective on shares of Landstar System from $75.00 to $94.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Robert W. Baird reiterated a “hold” rating and issued a $105.00 price objective on shares of Landstar System in a report on Tuesday, January 9th. Susquehanna Bancshares upgraded shares of Landstar System from a “neutral” rating to a “positive” rating and raised their price objective for the company from $109.00 to $124.00 in a report on Monday, January 8th. Finally, Cleveland Research upgraded shares of Landstar System from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Landstar System has an average rating of “Hold” and a consensus target price of $107.50.
Landstar System (NASDAQ LSTR) opened at $112.65 on Friday. The stock has a market cap of $4,579.17, a P/E ratio of 26.76, a P/E/G ratio of 1.58 and a beta of 0.80. Landstar System has a fifty-two week low of $80.00 and a fifty-two week high of $118.60. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.13.
Landstar System declared that its board has initiated a stock repurchase program on Wednesday, December 13th that permits the company to buyback 1,960,000 shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, February 19th will be issued a dividend of $0.15 per share. This is a positive change from Landstar System’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 0.53%. Landstar System’s dividend payout ratio (DPR) is presently 14.25%.
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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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