Landstar System, Inc. (NASDAQ:LSTR) had its price target hoisted by equities researchers at Morgan Stanley from $68.00 to $73.00 in a research report issued to clients and investors on Thursday. The firm currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential downside of 27.22% from the stock’s current price.

Several other equities research analysts have also recently issued reports on LSTR. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. 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. Deutsche Bank AG cut Landstar System from a “buy” rating to a “hold” rating and cut their price target for the company from $97.00 to $87.00 in a research note on Monday, July 31st. Stifel Nicolaus upgraded Landstar System from a “hold” rating to a “buy” rating and boosted their price target for the company from $87.00 to $95.00 in a research note on Monday, July 31st. Finally, Cowen and Company reiterated a “hold” rating and issued a $86.00 price target on shares of Landstar System in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Landstar System has an average rating of “Hold” and an average target price of $90.67.

Shares of Landstar System (LSTR) traded down 0.60% during trading on Thursday, hitting $99.70. The stock had a trading volume of 66,657 shares. The stock has a market capitalization of $4.18 billion, a P/E ratio of 28.80 and a beta of 0.76. Landstar System has a 12-month low of $65.05 and a 12-month high of $101.75. The stock’s 50-day moving average is $92.50 and its 200-day moving average is $86.88.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $870.34 million during the quarter, compared to analysts’ expectations of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. Analysts predict that Landstar System will post $3.59 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in LSTR. US Bancorp DE raised its position in Landstar System by 3.2% during the first quarter. US Bancorp DE now owns 3,963 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 122 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Landstar System by 36.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 427 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Landstar System by 70.3% during the first quarter. UBS Asset Management Americas Inc. now owns 39,105 shares of the transportation company’s stock valued at $3,349,000 after purchasing an additional 16,136 shares in the last quarter. Trexquant Investment LP acquired a new position in Landstar System during the first quarter valued at approximately $251,000. Finally, Oxford Asset Management acquired a new position in Landstar System during the first quarter valued at approximately $374,000. Institutional investors and hedge funds own 96.99% of the company’s stock.

About Landstar System

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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