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Equities research analysts at KeyCorp upped their price objective on shares of Landstar System (NASDAQ:LSTR) from $60.00 to $63.00 in a research note issued to investors on Friday, Stock Ratings News reports. KeyCorp’s price objective indicates a potential upside of 8.53% from the stock’s previous close.

Shares of Landstar System (NASDAQ:LSTR) traded up 0.08% during mid-day trading on Friday, hitting $58.098. 67,306 shares of the company’s stock traded hands. Landstar System has a 52 week low of $50.39 and a 52 week high of $59.97. The stock’s 50-day moving average is $56.63 and its 200-day moving average is $55.53. The company has a market cap of $2.656 billion and a price-to-earnings ratio of 22.32.

Landstar System (NASDAQ:LSTR) last released its earnings data 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. On average, analysts predict that Landstar System will post $2.49 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on LSTR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Landstar System in a research note to investors on Monday, December 16th. They now have a $58.00 price target on the stock, up previously from $56.00. Separately, analysts at Zacks downgraded shares of Landstar System from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 30th. They now have a $52.20 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Landstar System has a consensus rating of “Hold” and an average target price of $56.20.

Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.

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