Recent Research Analysts’ Ratings Changes for Landstar System (LSTR)

Landstar System (NASDAQ: LSTR) recently received a number of ratings updates from brokerages and research firms:

  • 8/7/2017 – Landstar System had its price target raised by analysts at Morgan Stanley from $66.00 to $68.00. They now have an “underweight” rating on the stock.
  • 8/3/2017 – Landstar System was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LANDSTAR SYSTEM, INC., through its operating subsidiaries, provides a wide range of transportation services that operates the third largest truckload carrier in North America. “
  • 7/31/2017 – Landstar System was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $87.00 price target on the stock, down previously from $97.00.
  • 7/31/2017 – Landstar System was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock, up previously from $87.00.
  • 7/24/2017 – Landstar System was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – Landstar System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “LANDSTAR SYSTEM, INC., through its operating subsidiaries, provides a wide range of transportation services that operates the third largest truckload carrier in North America. “
  • 6/27/2017 – Landstar System was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – Landstar System was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Landstar System, Inc. (LSTR) traded up 0.03% on Tuesday, hitting $83.95. The stock had a trading volume of 237,234 shares. The company’s 50 day moving average is $86.03 and its 200-day moving average is $85.28. Landstar System, Inc. has a 1-year low of $65.05 and a 1-year high of $90.80. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 24.25 and a beta of 0.75.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The firm had revenue of $870.34 million for the quarter, compared to analyst estimates of $859.30 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Landstar System, Inc. will post $3.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. This is a positive change from Landstar System’s previous quarterly dividend of $0.09. Landstar System’s dividend payout ratio is currently 10.40%.

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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