Oppenheimer Initiates Coverage on Landstar System (LSTR)
Oppenheimer (NYSE: OPY) initiated coverage on shares of Landstar System (NASDAQ: LSTR) in a research note issued on Thursday. The firm set an “outperform” rating and a $66.00 price target on the stock.
A number of other firms have also recently commented on LSTR. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Landstar System from $58.00 to $59.00 in a research note to investors on Sunday, April 29th. They now have an “overweight” rating on the stock. Analysts at Stifel Nicolaus downgraded shares of Landstar System from a “reduce” rating to a “hold” rating in a research note to investors on Friday, March 2nd.
Shares of Landstar System traded up 0.04% during mid-day trading on Thursday, hitting $54.19. Landstar System has a 52 week low of $36.64 and a 52 week high of $59.02. The company has a market cap of $2.544 billion and a P/E ratio of 21.48.
Landstar System last announced its earnings results on Thursday, April 26th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.03. Landstar System’s revenue was up 13.5% compared to the same quarter last year. On average, analysts predict that Landstar System will post $0.74 earnings per share next quarter.
Landstar System, Inc. is a provider of freight transportation services and supply chain solutions. The Company offers shippers services across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise-wide solutions to manage all of a shipper’s transportation and logistics needs.