Leidos Holdings Inc. (LDOS) Receives Consensus Rating of “Buy” from Analysts
Shares of Leidos Holdings Inc. (NYSE:LDOS) have been assigned an average rating of “Buy” from the eleven analysts that are presently covering the stock. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $51.50.
A number of equities analysts have weighed in on LDOS shares. Jefferies Group reiterated a “hold” rating on shares of Leidos Holdings in a research note on Monday, August 1st. Citigroup Inc. began coverage on Leidos Holdings in a research report on Tuesday, September 6th. They set a “buy” rating and a $47.00 target price on the stock. Zacks Investment Research cut Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Credit Suisse Group AG raised their target price on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th.
Shares of Leidos Holdings (NYSE:LDOS) traded down 0.702% during midday trading on Thursday, reaching $41.705. The company’s stock had a trading volume of 567,611 shares. Leidos Holdings has a one year low of $37.79 and a one year high of $59.52. The stock’s 50 day moving average price is $41.88 and its 200 day moving average price is $47.20. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 10.961 and a beta of 1.38.
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Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Leidos Holdings had a net margin of 5.13% and a return on equity of 20.06%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts predict that Leidos Holdings will post $3.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, September 16th. Leidos Holdings’s payout ratio is presently 35.56%.
In other news, Director Surya N. Mohapatra purchased 3,575 shares of Leidos Holdings stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average price of $41.48 per share, with a total value of $148,291.00. Following the transaction, the director now owns 6,143 shares in the company, valued at $254,811.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Leidos Holdings by 10.1% in the first quarter. Aperio Group LLC now owns 6,426 shares of the company’s stock valued at $323,000 after buying an additional 588 shares during the last quarter. Nisa Investment Advisors L.L.C. purchased a new stake in shares of Leidos Holdings during the first quarter worth about $252,000. Virginia Retirement System purchased a new stake in shares of Leidos Holdings during the first quarter worth about $860,000. TIAA CREF Investment Management LLC raised its stake in shares of Leidos Holdings by 11.5% in the first quarter. TIAA CREF Investment Management LLC now owns 378,783 shares of the company’s stock worth $19,060,000 after buying an additional 39,167 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Leidos Holdings by 56.8% in the first quarter. BlackRock Inc. now owns 38,978 shares of the company’s stock worth $1,962,000 after buying an additional 14,112 shares during the last quarter. 61.04% of the stock is currently owned by hedge funds and other institutional investors.
Leidos Holdings Company Profile
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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