Landstar System Given “Outperform” Rating at Macquarie (LSTR)
Landstar System (NASDAQ:LSTR)‘s stock had its “outperform” rating reissued by equities research analysts at Macquarie in a research note issued to investors on Friday. They currently have a $75.00 target price on the stock, up from their previous target price of $72.00. Macquarie’s target price points to a potential upside of 6.98% from the stock’s previous close.
Shares of Landstar System (NASDAQ:LSTR) traded up 0.56% on Friday, hitting $70.50. The stock had a trading volume of 23,144 shares. Landstar System has a 1-year low of $53.56 and a 1-year high of $73.95. The stock’s 50-day moving average is $66.84 and its 200-day moving average is $63.07. The company has a market cap of $3.151 billion and a price-to-earnings ratio of 21.00.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts predict that Landstar System will post $2.98 earnings per share for the current fiscal year.
A number of other firms have also recently commented on LSTR. Analysts at Zacks upgraded shares of Landstar System from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $69.40 price target on the stock. Separately, analysts at BB&T Corp. upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Tuesday, July 29th. They now have a $85.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Landstar System in a research note on Thursday, July 24th. They now have a $70.00 price target on the stock, up previously from $63.00. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Landstar System currently has an average rating of “Buy” and a consensus target price of $72.43.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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