Leidos (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, January 9th.
According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “
LDOS has been the topic of several other reports. Cowen reaffirmed a “buy” rating and issued a $72.00 price target on shares of Leidos in a report on Tuesday, December 19th. Citigroup increased their target price on shares of Leidos from $65.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and set a $68.00 target price on shares of Leidos in a research note on Tuesday, November 21st. TheStreet raised shares of Leidos from a “c+” rating to a “b+” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered shares of Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $69.33.
Shares of Leidos (NYSE:LDOS) opened at $66.23 on Tuesday. The stock has a market capitalization of $10,019.47, a P/E ratio of 18.30, a P/E/G ratio of 1.66 and a beta of 1.63. Leidos has a twelve month low of $48.87 and a twelve month high of $68.25. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92.
Leidos (NYSE:LDOS) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 34.0% on a year-over-year basis. research analysts expect that Leidos will post 3.7 EPS for the current fiscal year.
In other Leidos news, Director John P. Jumper sold 61,212 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 306,709 shares of the company’s stock, valued at approximately $19,647,778.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Leidos by 11.3% during the 2nd quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock worth $653,894,000 after purchasing an additional 1,280,482 shares during the last quarter. Vanguard Group Inc. raised its stake in Leidos by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock worth $653,263,000 after acquiring an additional 250,211 shares in the last quarter. FMR LLC raised its stake in Leidos by 58.4% during the 2nd quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock worth $386,874,000 after acquiring an additional 2,758,658 shares in the last quarter. State Street Corp raised its stake in Leidos by 20.5% during the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after acquiring an additional 776,462 shares in the last quarter. Finally, FIL Ltd increased its stake in Leidos by 2.0% in the second quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock valued at $215,543,000 after purchasing an additional 83,105 shares during the period. 73.47% of the stock is owned by institutional investors and hedge funds.
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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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