Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $85.50.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Thursday, July 6th. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus increased their price target on Landstar System from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Cowen and Company increased their price target on Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th.

Hedge funds have recently modified their holdings of the company. Capstone Asset Management Co. increased its stake in shares of Landstar System by 0.4% in the second quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock worth $388,000 after buying an additional 20 shares during the last quarter. BB&T Corp increased its stake in shares of Landstar System by 1.3% in the second quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock worth $260,000 after buying an additional 39 shares during the last quarter. US Bancorp DE increased its stake in shares of Landstar System by 3.2% in the first quarter. US Bancorp DE now owns 3,963 shares of the transportation company’s stock worth $340,000 after buying an additional 122 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Landstar System by 11.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock worth $103,000 after buying an additional 128 shares during the last quarter. Finally, Cardinal Capital Management increased its stake in shares of Landstar System by 1.0% in the first quarter. Cardinal Capital Management now owns 13,229 shares of the transportation company’s stock worth $1,133,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 97.46% of the company’s stock.

Shares of Landstar System (LSTR) opened at 87.30 on Friday. The stock’s 50 day moving average price is $86.28 and its 200-day moving average price is $85.34. The company has a market cap of $3.66 billion, a P/E ratio of 26.21 and a beta of 0.76. Landstar System has a 52-week low of $65.05 and a 52-week high of $90.80.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 26th. The transportation company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Landstar System had a return on equity of 26.51% and a net margin of 4.34%. The company had revenue of $780.90 million during the quarter, compared to analysts’ expectations of $757.56 million. During the same period in the prior year, the company earned $0.69 EPS. Landstar System’s revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Landstar System will post $3.55 EPS for the current year.

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Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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