Shares of Leidos (NYSE:LDOS) have been assigned an average rating of “Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $72.13.
LDOS has been the subject of a number of analyst reports. Cowen restated a “buy” rating and set a $72.00 price objective on shares of Leidos in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Citigroup upped their price objective on shares of Leidos from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Credit Suisse Group restated an “outperform” rating and set a $81.00 price objective (up previously from $79.00) on shares of Leidos in a research report on Friday, February 23rd. Finally, Jefferies Group upped their price objective on shares of Leidos from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.
NYSE:LDOS traded down $0.20 during trading hours on Friday, reaching $65.63. 28,073 shares of the company’s stock were exchanged, compared to its average volume of 952,080. The stock has a market cap of $9,811.54, a P/E ratio of 17.70, a P/E/G ratio of 1.55 and a beta of 1.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.21 and a quick ratio of 1.01. Leidos has a 1-year low of $50.43 and a 1-year high of $70.11.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Thursday, February 22nd. The aerospace company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Leidos had a net margin of 3.60% and a return on equity of 17.47%. Leidos’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. sell-side analysts expect that Leidos will post 4.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. Leidos’s dividend payout ratio is presently 34.41%.
Leidos declared that its Board of Directors has initiated a share buyback plan on Thursday, February 22nd that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
An institutional investor recently raised its position in Leidos stock. Cambridge Investment Research Advisors Inc. increased its stake in Leidos (NYSE:LDOS) by 89.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,566 shares of the aerospace company’s stock after purchasing an additional 7,352 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.
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Leidos Company Profile
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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