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Landstar System (NASDAQ:LSTR)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Thursday. They currently have a $70.00 price target on the stock, up from their previous price target of $63.00. Credit Suisse’s price target would suggest a potential upside of 3.87% from the company’s current price.

Shares of Landstar System (NASDAQ:LSTR) traded up 1.29% on Thursday, hitting $68.26. 199,548 shares of the company’s stock traded hands. Landstar System has a one year low of $51.47 and a one year high of $73.95. The stock has a 50-day moving average of $64.2 and a 200-day moving average of $61.03. The company has a market cap of $3.068 billion and a price-to-earnings ratio of 21.02.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.03. The company had revenue of $814.40 million for the quarter, compared to the consensus estimate of $777.55 million. During the same quarter last year, the company posted $0.66 earnings per share. Landstar System’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Landstar System will post $2.91 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Landstar System in a research note on Thursday. They now have a $71.00 price target on the stock, up previously from $70.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Landstar System in a research note on Thursday. They now have a $72.00 price target on the stock, up previously from $70.00. Finally, analysts at Cowen and Company raised their price target on shares of Landstar System from $67.00 to $76.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $66.41.

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

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