KeyCorp restated their buy rating on shares of Landstar System, Inc. (NASDAQ:LSTR) in a research note issued to investors on Tuesday, October 3rd. The firm currently has a $110.00 price target on the transportation company’s stock. KeyCorp also issued estimates for Landstar System’s Q3 2017 earnings at $1.00 EPS, Q4 2017 earnings at $0.99 EPS, FY2017 earnings at $3.65 EPS and FY2018 earnings at $4.15 EPS.
LSTR has been the subject of a number of other research reports. Deutsche Bank AG downgraded shares of Landstar System from a buy rating to a hold rating and cut their price objective for the company from $97.00 to $87.00 in a research report on Monday, July 31st. Stephens raised shares of Landstar System from an equal weight rating to an overweight rating and upped their target price for the stock from $88.00 to $103.00 in a report on Wednesday, August 30th. BidaskClub downgraded shares of Landstar System from a hold rating to a sell rating in a report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a buy rating and issued a $95.00 target price on shares of Landstar System in a report on Tuesday, September 12th. 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Landstar System presently has a consensus rating of Hold and a consensus target price of $93.10.
Landstar System (LSTR) traded down 2.45% during midday trading on Tuesday, hitting $97.70. The stock had a trading volume of 201,303 shares. The company’s 50 day moving average price is $95.94 and its 200-day moving average price is $87.63. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 28.22 and a beta of 0.76. Landstar System has a 52 week low of $65.05 and a 52 week high of $101.75.
Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The business had revenue of $870.34 million during the quarter, compared to the consensus estimate of $859.30 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Landstar System will post $3.61 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Chicago Equity Partners LLC grew its stake in Landstar System by 22.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 48,790 shares of the transportation company’s stock worth $4,176,000 after acquiring an additional 9,020 shares in the last quarter. Crawford Investment Counsel Inc. grew its stake in Landstar System by 8.5% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 42,028 shares of the transportation company’s stock worth $3,598,000 after acquiring an additional 3,280 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Landstar System by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 551,235 shares of the transportation company’s stock worth $47,184,000 after acquiring an additional 22,334 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Landstar System by 22.8% in the 2nd quarter. Great Lakes Advisors LLC now owns 25,085 shares of the transportation company’s stock worth $2,147,000 after acquiring an additional 4,655 shares in the last quarter. Finally, Oxford Asset Management bought a new position in Landstar System in the 1st quarter worth about $374,000. Institutional investors own 96.99% 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.