Zacks Investment Research Upgrades Leidos Holdings Inc. (LDOS) to “Buy”
Leidos Holdings Inc. (NYSE:LDOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $47.00 target price on the stock. Zacks Investment Research’s price target would suggest a potential upside of 11.72% from the company’s current price.
According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “
Several other brokerages have also commented on LDOS. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th. Credit Suisse Group AG lifted their price objective on shares of Leidos Holdings from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Jefferies Group reaffirmed a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Argus assumed coverage on shares of Leidos Holdings in a research report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Citigroup Inc. assumed coverage on shares of Leidos Holdings in a research report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos Holdings currently has an average rating of “Buy” and a consensus target price of $50.71.
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Shares of Leidos Holdings (NYSE:LDOS) traded down 1.71% during trading on Wednesday, reaching $42.07. 1,569,153 shares of the company traded hands. Leidos Holdings has a 12-month low of $37.79 and a 12-month high of $59.52. The stock has a market capitalization of $3.06 billion, a PE ratio of 11.06 and a beta of 1.38. The firm’s 50-day moving average is $41.73 and its 200-day moving average is $47.36.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.73 by $0.05. The company earned $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Leidos Holdings will post $3.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, September 16th. Leidos Holdings’s dividend payout ratio (DPR) is currently 35.56%.
In other Leidos Holdings news, Director Surya N. Mohapatra purchased 3,575 shares of the stock in a transaction dated Tuesday, September 13th. The shares were bought at an average price of $41.48 per share, with a total value of $148,291.00. Following the completion of the transaction, the director now directly owns 6,143 shares in the company, valued at approximately $254,811.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in Leidos Holdings by 0.7% in the first quarter. State Street Corp now owns 1,914,603 shares of the company’s stock valued at $96,346,000 after buying an additional 13,201 shares during the period. BlueMountain Capital Management LLC purchased a new position in shares of Leidos Holdings during the first quarter valued at approximately $470,000. Springbok Capital Management LLC boosted its position in shares of Leidos Holdings by 1,140.4% in the first quarter. Springbok Capital Management LLC now owns 19,785 shares of the company’s stock valued at $996,000 after buying an additional 18,190 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Leidos Holdings by 20.2% in the first quarter. BlackRock Group LTD now owns 63,349 shares of the company’s stock valued at $3,188,000 after buying an additional 10,646 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in shares of Leidos Holdings during the second quarter valued at approximately $1,354,000. 61.04% of the stock is currently owned by institutional investors.
About Leidos Holdings
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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