Landstar System, Inc. (NASDAQ:LSTR) had its target price upped by stock analysts at Morgan Stanley from $66.00 to $68.00 in a research report issued on Monday. The brokerage currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective indicates a potential downside of 19.24% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and upped their price target for the stock from $87.00 to $95.00 in a research report on Monday, July 31st. BidaskClub lowered shares of Landstar System from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Thursday, July 6th. Cowen and Company increased their target price on shares of Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. Finally, Deutsche Bank AG lowered shares of Landstar System from a “buy” rating to a “hold” rating and decreased their target price for the company from $97.00 to $87.00 in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.86.

Shares of Landstar System (LSTR) traded down 0.30% during mid-day trading on Monday, hitting $83.95. 132,036 shares of the company traded hands. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 24.25 and a beta of 0.75. The firm has a 50-day moving average price of $86.43 and a 200 day moving average price of $85.34. Landstar System has a 52-week low of $65.05 and a 52-week high of $90.80.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The business had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Equities research analysts anticipate that Landstar System will post $3.56 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its position 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 in the last quarter. TrimTabs Asset Management LLC raised its position in Landstar System by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the transportation company’s stock valued at $135,000 after buying an additional 744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Landstar System by 36.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the period. Tyers Asset Management LLC raised its position in Landstar System by 11.9% in the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after buying an additional 176 shares during the period. Finally, IFP Advisors Inc raised its position in Landstar System by 2.9% in the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 97.12% of the company’s stock.

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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