Media headlines about Landstar System (NASDAQ:LSTR) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Landstar System earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 45.8889068538105 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Landstar System, Inc. (LSTR) Given “Hold” Rating at Robert W. Baird (americanbankingnews.com)
- How Landstar System (LSTR) Stock Stands Out in a Strong Industry (finance.yahoo.com)
- Landstar System, Inc. (LSTR) PT Raised to $73.00 at Morgan Stanley (americanbankingnews.com)
- Landstar System, Inc. (LSTR) Expected to Post Quarterly Sales of $892.72 Million (americanbankingnews.com)
- Q3 2017 Earnings Forecast for Landstar System, Inc. Issued By KeyCorp (LSTR) (americanbankingnews.com)
Shares of Landstar System (NASDAQ:LSTR) opened at 99.40 on Monday. Landstar System has a 52 week low of $65.05 and a 52 week high of $101.75. The company’s 50-day moving average price is $93.50 and its 200 day moving average price is $87.08. The company has a market cap of $4.17 billion, a P/E ratio of 28.71 and a beta of 0.76.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $859.30 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Landstar System will post $3.60 earnings per share for the current fiscal year.
LSTR has been the topic of several recent research reports. Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Thursday, July 6th. Cowen and Company reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Landstar System in a research note on Monday, August 28th. Stephens raised Landstar System from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $88.00 to $103.00 in a research note on Wednesday, August 30th. Deutsche Bank AG downgraded Landstar System from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $97.00 to $87.00 in a research note on Monday, July 31st. Finally, BidaskClub downgraded Landstar System from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $91.80.
About Landstar System
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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