Landstar System, Inc. (LSTR) Rating Reiterated by Stifel Nicolaus

Landstar System, Inc. (NASDAQ:LSTR)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research note issued on Tuesday. They currently have a $95.00 price target on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 0.11% from the company’s previous close.

Several other equities research analysts have also weighed in on LSTR. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, July 6th. Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and dropped their price target for the company from $97.00 to $87.00 in a research report on Monday, July 31st. Morgan Stanley lifted their price target on Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Finally, Cowen and Company restated a “hold” rating and set a $86.00 price target on shares of Landstar System in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $87.63.

Landstar System (NASDAQ LSTR) opened at 95.10 on Tuesday. The company has a market capitalization of $3.99 billion, a PE ratio of 27.47 and a beta of 0.74. Landstar System has a 12-month low of $65.05 and a 12-month high of $96.15. The firm’s 50 day moving average price is $86.31 and its 200-day moving average price is $85.58.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, beating 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 company had revenue of $870.34 million for the quarter, compared to analyst estimates of $859.30 million. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that Landstar System will post $3.56 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in LSTR. Glen Harbor Capital Management LLC boosted its stake in Landstar System by 11.9% during the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Landstar System by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,724 shares of the transportation company’s stock valued at $1,261,000 after buying an additional 200 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Landstar System by 8.6% during the first quarter. Great West Life Assurance Co. Can now owns 38,978 shares of the transportation company’s stock valued at $3,338,000 after buying an additional 3,100 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Landstar System by 1.2% during the first quarter. State Treasurer State of Michigan now owns 17,000 shares of the transportation company’s stock valued at $1,456,000 after buying an additional 200 shares during the last quarter. Finally, Tyers Asset Management LLC raised its position in Landstar System by 11.9% during the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 176 shares during the period. 97.00% of the stock is owned by institutional investors.

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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