Credit Suisse Group Reiterates “Neutral” Rating for Landstar System, Inc. (LSTR)

Landstar System, Inc. (NASDAQ:LSTR)‘s stock had its “neutral” rating restated by analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. They currently have a $97.00 price target on the transportation company’s stock, up from their previous price target of $84.00. Credit Suisse Group’s target price would indicate a potential downside of 1.42% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and boosted their price target for the stock from $87.00 to $95.00 in a research report on Monday, July 31st. Buckingham Research started coverage on shares of Landstar System in a research report on Friday, October 20th. They set a “neutral” rating and a $103.00 price objective on the stock. BidaskClub cut shares of Landstar System from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Thursday, July 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Landstar System from $83.00 to $98.00 and gave the company a “market perform” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Landstar System presently has an average rating of “Hold” and an average price target of $96.67.

Landstar System (NASDAQ:LSTR) traded up 0.10% during trading on Tuesday, hitting $98.50. 24,010 shares of the company traded hands. Landstar System has a 52 week low of $70.65 and a 52 week high of $102.55. The stock has a market capitalization of $4.13 billion, a PE ratio of 28.45 and a beta of 0.76. The company’s 50 day moving average is $98.22 and its 200-day moving average is $88.76.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The company had revenue of $943.40 million for the quarter, compared to analysts’ expectations of $895.31 million. During the same quarter in the previous year, the business posted $0.86 earnings per share. Landstar System’s quarterly revenue was up 19.7% on a year-over-year basis. Analysts predict that Landstar System will post $3.66 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Credit Suisse Group Reiterates “Neutral” Rating for Landstar System, Inc. (LSTR)” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.com-unik.info/2017/10/31/credit-suisse-group-reiterates-neutral-rating-for-landstar-system-inc-lstr.html.

Several institutional investors and hedge funds have recently bought and sold shares of LSTR. Advisor Group Inc. increased its holdings in shares of Landstar System by 64.8% during the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 599 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Landstar System by 2.9% during the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 47 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Landstar System by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 224 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Landstar System by 22.9% during the second quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 373 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Landstar System during the second quarter valued at about $202,000. Hedge funds and other institutional investors own 97.36% 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)

What are top analysts saying about Landstar System Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Landstar System Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit