Landstar System (NASDAQ:LSTR) had its price objective decreased by equities researchers at Buckingham Research from $115.00 to $113.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Buckingham Research’s price objective would suggest a potential downside of 0.87% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. SunTrust Banks set a $110.00 target price on Landstar System and gave the company a “hold” rating in a research note on Friday, July 26th. Stephens initiated coverage on Landstar System in a research note on Monday, July 1st. They set a “buy” rating for the company. Raymond James raised Landstar System from an “underperform” rating to a “market perform” rating and set a $107.82 target price for the company in a research note on Tuesday, July 2nd. Cowen reaffirmed a “hold” rating and set a $119.00 target price on shares of Landstar System in a research note on Thursday, July 25th. Finally, BidaskClub upgraded Landstar System from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Landstar System currently has an average rating of “Hold” and an average price target of $112.17.

LSTR stock traded down $3.59 during trading hours on Thursday, hitting $113.99. 8,943 shares of the stock traded hands, compared to its average volume of 356,037. The stock has a 50-day simple moving average of $110.09 and a 200 day simple moving average of $108.08. Landstar System has a one year low of $90.23 and a one year high of $128.05. The company has a market cap of $4.50 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, July 24th. The transportation company reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). Landstar System had a net margin of 5.82% and a return on equity of 36.17%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business earned $1.51 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. Analysts forecast that Landstar System will post 6.16 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Boston Partners purchased a new stake in Landstar System in the 2nd quarter worth about $9,806,000. Treasurer of the State of North Carolina lifted its stake in Landstar System by 2.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 16,349 shares of the transportation company’s stock worth $1,766,000 after acquiring an additional 440 shares in the last quarter. Natixis lifted its stake in Landstar System by 35.8% in the 2nd quarter. Natixis now owns 38,515 shares of the transportation company’s stock worth $4,159,000 after acquiring an additional 10,157 shares in the last quarter. Barings LLC purchased a new stake in Landstar System in the 2nd quarter worth about $296,000. Finally, Colony Group LLC lifted its stake in Landstar System by 1.4% in the 2nd quarter. Colony Group LLC now owns 23,602 shares of the transportation company’s stock worth $2,549,000 after acquiring an additional 325 shares in the last quarter.

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, such as third party logistics and less-than-truckload service providers.

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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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