Leidos Holdings Now Covered by Jefferies Group (SAI)
Jefferies Group started coverage on shares of Leidos Holdings (NYSE:SAI) in a research note issued on Thursday, AnalystRatings.Net reports. The firm set a “hold” rating and a $45.00 price target on the stock. Jefferies Group’s target price would indicate a potential upside of 180.72% from the company’s current price.
A number of other firms have also recently commented on SAI. Analysts at Wells Fargo & Co. initiated coverage on shares of Leidos Holdings in a research note to investors on Friday, October 4th. They set an “underperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Leidos Holdings in a research note to investors on Tuesday, October 1st. They set an “overweight” rating on the stock. Finally, analysts at Zacks downgraded shares of Leidos Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 17th. They now have a $14.80 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Leidos Holdings currently has a consensus rating of “Hold” and a consensus target price of $20.36.
Leidos Holdings (NYSE:SAI) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.09. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $0.32 earnings per share. Leidos Holdings’s revenue was down 12.5% compared to the same quarter last year.
Leidos Holdings Inc, formerly SAIC, Inc is a holding company. It operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and Other.
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