Landstar System, Inc. (NASDAQ:LSTR) had its price objective hoisted by Morgan Stanley from $68.00 to $73.00 in a report issued on Thursday morning. They currently have an underweight rating on the transportation company’s stock.

LSTR has been the topic of several other reports. Stifel Nicolaus upgraded shares of Landstar System from a hold rating to a buy rating and lifted their price target for the stock from $87.00 to $95.00 in a research note on Monday, July 31st. BidaskClub lowered shares of Landstar System from a buy rating to a hold rating in a research note 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 target on the stock in a research note on Thursday, July 6th. KeyCorp reiterated a buy rating and set a $110.00 price target on shares of Landstar System in a research note on Tuesday, October 3rd. Finally, Cowen and Company reiterated a hold rating and set a $86.00 price target on shares of Landstar System in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $91.80.

Shares of Landstar System (NASDAQ:LSTR) traded down 0.45% during midday trading on Thursday, hitting $99.40. 197,072 shares of the stock were exchanged. Landstar System has a 12 month low of $65.05 and a 12 month high of $101.75. The company has a market cap of $4.17 billion, a PE ratio of 28.71 and a beta of 0.76. The stock has a 50 day moving average price of $93.50 and a 200-day moving average price of $87.08.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The business had revenue of $870.34 million for the quarter, compared to analyst estimates of $859.30 million. During the same period last year, the business earned $0.76 EPS. The company’s revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Landstar System will post $3.60 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/08/morgan-stanley-raises-landstar-system-inc-lstr-price-target-to-73-00.html.

Institutional investors have recently modified their holdings of the business. Chicago Equity Partners LLC grew its position in Landstar System by 22.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 48,790 shares of the transportation company’s stock worth $4,176,000 after purchasing an additional 9,020 shares during the last quarter. Bank of New York Mellon Corp grew its position in Landstar System by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 551,235 shares of the transportation company’s stock worth $47,184,000 after purchasing an additional 22,334 shares during the last quarter. Crawford Investment Counsel Inc. grew its position in Landstar System by 8.5% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 42,028 shares of the transportation company’s stock worth $3,598,000 after purchasing an additional 3,280 shares during the last quarter. Great Lakes Advisors LLC grew its position in Landstar System by 22.8% during the 2nd quarter. Great Lakes Advisors LLC now owns 25,085 shares of the transportation company’s stock worth $2,147,000 after purchasing an additional 4,655 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in Landstar System by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 26,383 shares of the transportation company’s stock worth $2,258,000 after purchasing an additional 67 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors.

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)

Receive News & Stock Ratings for Landstar System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System Inc. and related stocks with our FREE daily email newsletter.