Goldman Sachs initiated coverage on shares of Landstar System (NASDAQ:LSTR) in a research note published on Tuesday, April 10th, MarketBeat Ratings reports. The firm issued a buy rating and a $130.00 price target on the transportation company’s stock.
Several other research firms have also weighed in on LSTR. Zacks Investment Research lowered shares of Landstar System from a buy rating to a hold rating in a report on Wednesday, January 3rd. Buckingham Research upped their target price on shares of Landstar System from $130.00 to $131.00 and gave the stock a neutral rating in a report on Wednesday, April 4th. Cowen reaffirmed a market perform rating and issued a $115.00 target price (up previously from $97.00) on shares of Landstar System in a report on Thursday, February 1st. Cleveland Research raised shares of Landstar System from a neutral rating to a buy rating in a report on Friday, January 26th. Finally, Morgan Stanley upped their target price on shares of Landstar System from $94.00 to $96.00 and gave the stock an underweight rating in a report on Friday, April 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $113.08.
Shares of LSTR stock opened at $111.50 on Tuesday. Landstar System has a 52-week low of $80.00 and a 52-week high of $118.60. The firm has a market capitalization of $4,650.56, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.13.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Landstar System had a net margin of 4.86% and a return on equity of 25.30%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue was up 17.8% on a year-over-year basis. equities research analysts forecast that Landstar System will post 5.51 earnings per share for the current year.
Large investors have recently modified their holdings of the business. First Manhattan Co. bought a new stake in Landstar System during the 4th quarter worth about $104,000. Zions Bancorporation bought a new stake in Landstar System during the 3rd quarter worth about $167,000. Advisory Services Network LLC grew its holdings in Landstar System by 2,304.0% during the 4th quarter. Advisory Services Network LLC now owns 1,803 shares of the transportation company’s stock worth $188,000 after acquiring an additional 1,728 shares during the last quarter. Franklin Resources Inc. bought a new stake in Landstar System during the 4th quarter worth about $247,000. Finally, Sciencast Management LP bought a new stake in Landstar System during the 4th quarter worth about $260,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.
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Landstar System Company Profile
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including third party logistics and less-than-truckload service providers.
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