Landstar System PT Lowered to $56.00 (LSTR)
Equities research analysts at Deutsche Bank lowered their price objective on shares of Landstar System (NASDAQ:LSTR) from $58.00 to $56.00 in a research note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 3.95% from the company’s current price.
Landstar System (NASDAQ:LSTR) opened at 53.87 on Friday. Landstar System has a one year low of $46.01 and a one year high of $59.97. The stock has a 50-day moving average of $55.25 and a 200-day moving average of $54.45. The company has a market cap of $2.462 billion and a price-to-earnings ratio of 20.58.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Thursday, October 24th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.05. The company had revenue of $680.50 million for the quarter, compared to the consensus estimate of $693.92 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that Landstar System will post $2.62 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Credit Suisse downgraded shares of Landstar System from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $55.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Landstar System from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $55.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.65.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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