BB&T Capital Downgrades Landstar System (LSTR) to Hold

BB&T Capital downgraded Landstar System (NASDAQ: LSTR) from Buy to Hold.

Analyst Thomas Albrecht commented, "We are downgrading the stock of Landstar to Hold from Buy. While some might view this as late, we see risks to consensus estimates, esp. 2016. Our new Q4'15E is $0.84 (guidance is $0.85 to $0.90); our new 2016E is $3.24 (consensus is $3.63) and our new 2017E is $3.75 (consensus is $4.12). LSTR has had a strong two years, growing its agent and BCO bases and meeting (and occasionally beating) consensus estimates during the last 7 quarters. Despite that, the stock has fallen 14.99% in the last 3 months compared to a 2.62% rise in the S&P 500. And while LSTR has a more variable cost model compared to asset-based carriers, the poor industrial environment bodes poorly for 2016 load trends, which should pressure estimates."

For an analyst ratings summary and ratings history on Landstar System click here. For more ratings news on Landstar System click here.

Shares of Landstar System closed at $57.00 yesterday.

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