Landstar System (NASDAQ:LSTR) had its price target increased by Cowen from $115.00 to $118.00 in a report released on Tuesday, April 10th, MarketBeat.com reports. They currently have a market perform rating on the transportation company’s stock.
Several other equities research analysts also recently issued reports on LSTR. Zacks Investment Research upgraded Landstar System from a hold rating to a buy rating and set a $118.00 target price on the stock in a research report on Tuesday, January 2nd. BidaskClub downgraded Landstar System from a strong-buy rating to a buy rating in a research report on Wednesday, January 3rd. Susquehanna Bancshares raised shares of Landstar System from a neutral rating to a positive rating and upped their price target for the stock from $109.00 to $124.00 in a report on Monday, January 8th. Robert W. Baird reaffirmed a hold rating and issued a $105.00 price target on shares of Landstar System in a report on Tuesday, January 9th. Finally, Cleveland Research raised Landstar System from a neutral rating to a buy rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Landstar System presently has an average rating of Buy and an average price target of $113.08.
Shares of Landstar System stock opened at $109.70 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $4,690.53, a P/E ratio of 29.25, a PEG ratio of 1.49 and a beta of 0.79. Landstar System has a one year low of $80.00 and a one year high of $118.60.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. Landstar System’s revenue for the quarter was up 17.8% on a year-over-year basis. analysts expect that Landstar System will post 5.56 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in Landstar System by 0.9% in the third quarter. New York State Common Retirement Fund now owns 207,400 shares of the transportation company’s stock worth $20,667,000 after buying an additional 1,800 shares during the period. Legal & General Group Plc lifted its holdings in Landstar System by 11.7% in the third quarter. Legal & General Group Plc now owns 52,200 shares of the transportation company’s stock worth $5,202,000 after buying an additional 5,468 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Landstar System by 4.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 278,344 shares of the transportation company’s stock worth $27,737,000 after buying an additional 11,227 shares during the period. Stifel Financial Corp lifted its holdings in Landstar System by 3.3% in the third quarter. Stifel Financial Corp now owns 56,992 shares of the transportation company’s stock worth $5,676,000 after buying an additional 1,833 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Landstar System by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 18,514 shares of the transportation company’s stock worth $1,843,000 after buying an additional 971 shares during the period. Institutional investors own 99.86% of the company’s stock.
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Landstar System Company Profile
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including third party logistics and less-than-truckload service providers.
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