A number of firms have modified their ratings and price targets on shares of Landstar System (NASDAQ: LSTR) recently:

  • 10/31/2017 – Landstar System had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $97.00 price target on the stock, up previously from $84.00.
  • 10/27/2017 – Landstar System had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $97.00 price target on the stock.
  • 10/27/2017 – Landstar System had its price target raised by analysts at Buckingham Research from $103.00 to $106.00. They now have a “neutral” rating on the stock.
  • 10/27/2017 – Landstar System had its price target raised by analysts at Wells Fargo & Company from $83.00 to $98.00. They now have a “market perform” rating on the stock.
  • 10/20/2017 – Landstar System is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $103.00 price target on the stock.
  • 10/10/2017 – Landstar System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock. According to Zacks, “LANDSTAR SYSTEM, INC., through its operating subsidiaries, provides a wide range of transportation services that operates the third largest truckload carrier in North America. “
  • 10/6/2017 – Landstar System had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $102.00 price target on the stock.
  • 10/5/2017 – Landstar System had its price target raised by analysts at Morgan Stanley from $68.00 to $73.00. They now have an “underweight” rating on the stock.
  • 10/3/2017 – Landstar System had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $110.00 price target on the stock.
  • 9/12/2017 – Landstar System had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $95.00 price target on the stock.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The company had revenue of $943.40 million during the quarter, compared to analyst estimates of $895.31 million. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Landstar System’s payout ratio is currently 11.08%.

In related news, VP Michael K. Kneller sold 10,000 shares of Landstar System stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $99.00, for a total value of $990,000.00. Following the completion of the transaction, the vice president now owns 22,153 shares in the company, valued at approximately $2,193,147. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

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.

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