JPMorgan Chase & Co. Initiates Coverage on Leidos Holdings (LDOS)
JPMorgan Chase & Co. started coverage on shares of Leidos Holdings (NYSE:LDOS) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $46.00 price target on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 24.12% from the company’s current price.
Shares of Leidos Holdings (NYSE:LDOS) traded up 0.08% on Tuesday, hitting $37.09. The stock had a trading volume of 1,321,724 shares. Leidos Holdings has a 1-year low of $31.5062 and a 1-year high of $49.18. The stock has a 50-day moving average of $41.55 and a 200-day moving average of $44.6. The company has a market cap of $2.933 billion and a P/E ratio of 19.10.
Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, March 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.13. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, analysts predict that Leidos Holdings will post $2.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, April 11th.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.