Landstar System (NASDAQ:LSTR) Given a $103.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $103.00 price objective on Landstar System (NASDAQ:LSTR) in a report issued on Sunday morning, AnalystRatings.com reports. The brokerage currently has a hold rating on the transportation company’s stock.

LSTR has been the topic of several other reports. Buckingham Research reduced their price objective on Landstar System from $115.00 to $113.00 and set a neutral rating on the stock in a research note on Thursday, September 12th. Deutsche Bank set a $107.00 price objective on Landstar System and gave the stock a hold rating in a research note on Thursday, July 11th. Wolfe Research upgraded Landstar System from an underperform rating to a peer perform rating in a research note on Friday, June 28th. Cowen restated a hold rating and set a $119.00 price objective on shares of Landstar System in a research note on Thursday, July 25th. Finally, Raymond James upgraded Landstar System from an underperform rating to a market perform rating and set a $107.82 price objective on the stock in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Landstar System presently has a consensus rating of Hold and a consensus target price of $112.17.

LSTR stock opened at $111.23 on Friday. Landstar System has a twelve month low of $90.23 and a twelve month high of $124.90. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.49 billion, a P/E ratio of 18.00, a PEG ratio of 1.54 and a beta of 1.27. The firm has a 50 day simple moving average of $110.06 and a 200-day simple moving average of $108.16.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). Landstar System had a return on equity of 36.17% and a net margin of 5.82%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $1.51 EPS. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts predict that Landstar System will post 6.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were paid a dividend of $0.185 per share. The ex-dividend date was Friday, August 9th. This is a boost from Landstar System’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a yield of 0.67%. Landstar System’s dividend payout ratio (DPR) is 11.97%.

A number of institutional investors and hedge funds have recently made changes to their positions in LSTR. Eukles Asset Management lifted its stake in Landstar System by 1.3% in the second quarter. Eukles Asset Management now owns 7,610 shares of the transportation company’s stock valued at $822,000 after buying an additional 98 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in Landstar System by 6.4% in the second quarter. Zions Bancorporation N.A. now owns 1,866 shares of the transportation company’s stock valued at $202,000 after buying an additional 113 shares during the last quarter. Advisory Services Network LLC lifted its stake in Landstar System by 130.3% in the first quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock valued at $31,000 after buying an additional 159 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Landstar System by 4.1% in the first quarter. Cetera Advisor Networks LLC now owns 4,101 shares of the transportation company’s stock valued at $449,000 after buying an additional 160 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Landstar System by 4.5% in the second quarter. Raymond James Trust N.A. now owns 4,308 shares of the transportation company’s stock valued at $465,000 after buying an additional 186 shares during the last quarter.

About Landstar System

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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