Landstar System PT Raised to $70.00 at Robert W. Baird (LSTR)
Robert W. Baird boosted their price target on shares of Landstar System (NASDAQ:LSTR) from $68.00 to $70.00 in a research note issued on Tuesday. Robert W. Baird’s target price suggests a potential upside of 8.44% from the stock’s previous close.
Shares of Landstar System (NASDAQ:LSTR) traded up 0.11% during mid-day trading on Tuesday, hitting $64.55. The stock had a trading volume of 311,836 shares. Landstar System has a 52 week low of $51.47 and a 52 week high of $65.79. The stock’s 50-day moving average is $64.1 and its 200-day moving average is $60.49. The company has a market cap of $2.902 billion and a price-to-earnings ratio of 20.11.
Landstar System (NASDAQ:LSTR) last released its earnings data on Thursday, April 24th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Landstar System will post $2.90 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “positive” rating on shares of Landstar System in a research note on Wednesday, June 4th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.05.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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