Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) has been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $177.25.
Several research firms recently issued reports on LSTR. The Goldman Sachs Group reduced their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. TD Cowen raised their price objective on shares of Landstar System from $171.00 to $176.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus dropped their price objective on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Evercore ISI lowered their target price on Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. Finally, Wolfe Research lowered Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th.
Read Our Latest Stock Report on Landstar System
Institutional Investors Weigh In On Landstar System
Landstar System Stock Performance
LSTR opened at $183.73 on Tuesday. Landstar System has a 1 year low of $161.13 and a 1 year high of $201.40. The company has a market capitalization of $6.57 billion, a PE ratio of 28.27 and a beta of 0.80. The business has a fifty day simple moving average of $184.38 and a 200 day simple moving average of $182.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17.
Landstar System (NASDAQ:LSTR – Get Free Report) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. Landstar System’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. Research analysts expect that Landstar System will post 5.85 EPS for the current year.
Landstar System Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.36 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. This is a boost from Landstar System’s previous quarterly dividend of $0.33. Landstar System’s payout ratio is currently 22.15%.
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 services.
Featured Stories
- Five stocks we like better than Landstar System
- Top Stocks Investing in 5G Technology
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Canadian Penny Stocks: Can They Make You Rich?
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- The Significance of Brokerage Rankings in Stock Selection
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.