Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) has earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $179.73.
Several research firms have recently weighed in on LSTR. JPMorgan Chase & Co. upped their target price on shares of Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TD Cowen raised their price objective on shares of Landstar System from $171.00 to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Susquehanna boosted their target price on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus decreased their price target on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st.
Check Out Our Latest Stock Analysis on Landstar System
Institutional Inflows and Outflows
Landstar System Stock Down 1.5 %
Shares of LSTR opened at $186.06 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $185.17 and a two-hundred day moving average price of $182.66. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 28.62 and a beta of 0.80. Landstar System has a 12 month low of $161.13 and a 12 month high of $201.40.
Landstar System (NASDAQ:LSTR – Get Free Report) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $1.85 EPS. Landstar System’s revenue was down 10.8% on a year-over-year basis. Equities analysts predict that Landstar System will post 5.87 EPS for the current fiscal year.
Landstar System Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.36 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date was Tuesday, August 20th. Landstar System’s payout ratio is currently 22.15%.
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 services.
Further Reading
- Five stocks we like better than Landstar System
- What Are Dividends? Buy the Best Dividend Stocks
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is a buyback in stocks? A comprehensive guide for investors
- 2 Energy Stocks Fueling the AI Datacenter Boom
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
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.