Landstar System, Inc. (LSTR) Receives New Coverage from Analysts at Buckingham Research

Buckingham Research assumed coverage on shares of Landstar System, Inc. (NASDAQ:LSTR) in a research note published on Friday. The brokerage issued a neutral rating and a $103.00 price objective on the transportation company’s stock.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Landstar System from a hold rating to a buy rating and set a $111.00 target price for the company in a report on Tuesday, October 10th. Robert W. Baird reaffirmed a hold rating and issued a $102.00 target price on shares of Landstar System in a report on Friday, October 6th. Morgan Stanley upped their target price on shares of Landstar System from $68.00 to $73.00 and gave the stock an underweight rating in a report on Thursday, October 5th. KeyCorp reissued a buy rating and set a $110.00 price objective on shares of Landstar System in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a buy rating and set a $95.00 price objective on shares of Landstar System in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Landstar System presently has an average rating of Hold and a consensus target price of $94.00.

Shares of Landstar System (NASDAQ:LSTR) traded up 1.01% during trading on Friday, reaching $100.10. The company’s stock had a trading volume of 154,006 shares. The firm’s 50-day moving average price is $97.40 and its 200-day moving average price is $88.11. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 28.91 and a beta of 0.76. Landstar System has a one year low of $69.95 and a one year high of $102.55.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $859.30 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Landstar System will post $3.62 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Landstar System, Inc. (LSTR) Receives New Coverage from Analysts at Buckingham Research” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/21/landstar-system-inc-lstr-receives-new-coverage-from-analysts-at-buckingham-research.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Landstar System by 0.3% during the 2nd 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 buying an additional 17 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Landstar System by 0.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock valued at $388,000 after buying an additional 20 shares in the last quarter. BB&T Corp raised its position in shares of Landstar System by 1.3% during the 2nd quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock valued at $260,000 after buying an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Landstar System by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock valued at $751,000 after buying an additional 40 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Landstar

Several other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Landstar System from a hold rating to a buy rating and set a $111.00 target price for the company in a report on Tuesday, October 10th. Robert W. Baird reaffirmed a hold rating and issued a $102.00 target price on shares of Landstar System in a report on Friday, October 6th. Morgan Stanley upped their target price on shares of Landstar System from $68.00 to $73.00 and gave the stock an underweight rating in a report on Thursday, October 5th. KeyCorp reissued a buy rating and set a $110.00 price objective on shares of Landstar System in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a buy rating and set a $95.00 price objective on shares of Landstar System in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Landstar System presently has an average rating of Hold and a consensus target price of $94.00.

Shares of Landstar System (NASDAQ:LSTR) traded up 1.01% during trading on Friday, reaching $100.10. The company’s stock had a trading volume of 154,006 shares. The firm’s 50-day moving average price is $97.40 and its 200-day moving average price is $88.11. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 28.91 and a beta of 0.76. Landstar System has a one year low of $69.95 and a one year high of $102.55.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $859.30 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Landstar System will post $3.62 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Landstar System, Inc. (LSTR) Receives New Coverage from Analysts at Buckingham Research” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/21/landstar-system-inc-lstr-receives-new-coverage-from-analysts-at-buckingham-research.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Landstar System by 0.3% during the 2nd 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 buying an additional 17 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Landstar System by 0.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock valued at $388,000 after buying an additional 20 shares in the last quarter. BB&T Corp raised its position in shares of Landstar System by 1.3% during the 2nd quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock valued at $260,000 after buying an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Landstar System by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock valued at $751,000 after buying an additional 40 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 96.99% of the company’s stock.

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.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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