Landstar System Stock Hits New 52-Week High (LSTR)

NEW YORK ( TheStreet) -- Landstar System (Nasdaq: LSTR) hit a new 52-week high Friday as it is currently trading at $55.91, above its previous 52-week high of $55.69 with 50,456 shares traded as of 10:19 a.m. ET. Average volume has been 263,200 shares over the past 30 days.

Landstar System has a market cap of $2.34 billion and is part of the services sector and transportation industry. Shares are up 15.4% year to date as of the close of trading on Thursday.

Landstar System, Inc. operates as a non-asset based provider of freight transportation services and supply chain solutions. It operates in two segments, Transportation Logistics and Insurance. The company has a P/E ratio of 22.8, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Landstar System as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Landstar System Ratings Report.

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