Somewhat Positive Press Coverage Somewhat Unlikely to Affect Landstar System (LSTR) Stock Price
News headlines about Landstar System (NASDAQ:LSTR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Landstar System earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.3143202252453 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have issued reports on LSTR shares. Cowen and Company raised their target price on Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Stifel Nicolaus raised their target price on Landstar System from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, April 28th. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $85.50.
Shares of Landstar System (NASDAQ LSTR) opened at 89.45 on Wednesday. The company has a market capitalization of $3.75 billion, a PE ratio of 26.85 and a beta of 0.76. The firm has a 50-day moving average of $86.46 and a 200 day moving average of $85.37. Landstar System has a 12 month low of $65.05 and a 12 month high of $90.80.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, April 26th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. The company had revenue of $780.90 million for the quarter, compared to analysts’ expectations of $757.56 million. Landstar System had a return on equity of 26.51% and a net margin of 4.34%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, equities research analysts expect that Landstar System will post $3.55 earnings per share for the current fiscal year.
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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.
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