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Shares of Landstar System (NASDAQ:LSTR) hit a new 52-week high during trading hours on Friday, Analyst Ratings Net reports. The company traded as high as $59.51 and last traded at $57.49, with a volume of 471,812 shares trading hands. The stock had previously closed at $57.57.

A number of analysts have recently weighed in on LSTR shares. Analysts at KeyCorp raised their price target on shares of Landstar System from $60.00 to $63.00 in a research note to investors on Friday, January 17th. 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Landstar System presently has an average rating of “Hold” and an average price target of $56.20.

Landstar System has a 52-week low of $50.39 and a 52-week high of $59.39. The stock’s 50-day moving average is $57.13 and its 200-day moving average is $55.82. The company has a market cap of $2.626 billion and a price-to-earnings ratio of 22.13.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Friday, January 31st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.08. The company had revenue of $691.98 million for the quarter, compared to the consensus estimate of $669.72 million. On average, analysts predict that Landstar System will post $2.84 earnings per share for the current fiscal year.

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

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