Landstar System, Inc. (NASDAQ:LSTR) Raised to Overweight at Stephens

Landstar System, Inc. (NASDAQ:LSTR) was upgraded by equities research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, August 30th, Marketbeat Ratings reports. The firm currently has a $103.00 price objective on the transportation company’s stock, up from their prior price objective of $88.00. Stephens’ target price suggests a potential upside of 8.19% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Thursday, July 6th. Cowen and Company reiterated a “hold” rating and issued a $86.00 target price on shares of Landstar System in a research report on Monday, August 28th. Deutsche Bank AG cut shares of Landstar System from a “buy” rating to a “hold” rating and reduced their target price for the company from $97.00 to $87.00 in a research report on Monday, July 31st. BidaskClub cut shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and increased their target price for the company from $87.00 to $95.00 in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $87.63.

Shares of Landstar System (LSTR) traded up 1.12% during mid-day trading on Wednesday, hitting $95.20. The stock had a trading volume of 373,506 shares. Landstar System has a 1-year low of $65.05 and a 1-year high of $96.15. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 27.50 and a beta of 0.74. The stock’s 50-day moving average is $87.00 and its 200 day moving average is $85.76.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $870.34 million for the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. Equities research analysts predict that Landstar System will post $3.56 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Landstar System by 0.3% in 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 acquiring an additional 17 shares in the last quarter. Capstone Asset Management Co. raised its holdings in Landstar System by 0.4% in the second quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock valued at $388,000 after acquiring an additional 20 shares in the last quarter. BB&T Corp raised its holdings in Landstar System by 1.3% in the second quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Landstar System by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock valued at $751,000 after acquiring an additional 40 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after acquiring 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.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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