Leidos (NYSE:LDOS)‘s stock had its “buy” rating reissued by stock analysts at Cowen in a research report issued to clients and investors on Tuesday, December 19th. They currently have a $72.00 price objective on the aerospace company’s stock. Cowen’s price objective suggests a potential upside of 8.14% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Citigroup boosted their price objective on shares of Leidos from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. TheStreet upgraded shares of Leidos from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd. BidaskClub lowered shares of Leidos from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Wells Fargo & Co upgraded shares of Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research report on Wednesday, October 25th. Finally, Argus boosted their target price on shares of Leidos from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.33.
Shares of Leidos (NYSE LDOS) traded up $0.34 on Tuesday, reaching $66.58. 1,397,700 shares of the company’s stock traded hands, compared to its average volume of 761,800. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The firm has a market cap of $10,070.00, a PE ratio of 35.60, a P/E/G ratio of 1.70 and a beta of 1.66. Leidos has a 12 month low of $47.81 and a 12 month high of $66.66.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Leidos had a net margin of 3.04% and a return on equity of 17.20%. Leidos’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. sell-side analysts anticipate that Leidos will post 3.7 EPS for the current fiscal year.
In related news, Director John P. Jumper sold 61,212 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total value of $3,921,240.72. Following the sale, the director now directly owns 306,709 shares in the company, valued at approximately $19,647,778.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Leidos by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 18 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Leidos by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 513 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Leidos by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 44 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Leidos by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in Leidos in the 2nd quarter valued at about $174,000. Institutional investors and hedge funds own 73.48% of the company’s stock.
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Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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