Landstar System Receives Positive Rating from Credit Suisse (LSTR)
The analysts wrote, “We slightly increased our 2Q14 EPS estimate to $0.78 (from $0.76) and our FY14 EPS forecast to $2.84 (from $2.82). Our FY15 and FY16 EPS estimates rise to $3.15 and $3.39, respectively, from $3.11 and $3.35. Our DCF-derived target price increases to $63 (from $60), due to higher base year EBIT and a lower discount rate. Maintain Neutral rating.”
Shares of Landstar System (NASDAQ:LSTR) traded down 0.17% on Wednesday, hitting $64.25. 122,916 shares of the company’s stock traded hands. Landstar System has a 1-year low of $50.39 and a 1-year high of $65.79. The stock’s 50-day moving average is $62.79 and its 200-day moving average is $59.03. The company has a market cap of $2.888 billion and a P/E ratio of 20.07.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $667.21 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Landstar System will post $2.89 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $70.00 price target on the stock, up previously from $63.00. Finally, analysts at Robert W. Baird raised their price target on shares of Landstar System from $62.00 to $64.00 in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Landstar System currently has an average rating of “Hold” and an average price target of $60.90.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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