Leidos Holdings, Inc. (NYSE:LDOS) Receives Consensus Rating of “Buy” from Analysts
Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.50.
Several brokerages have recently commented on LDOS. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, June 20th. Cowen and Company upped their target price on Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Vertical Research assumed coverage on Leidos Holdings in a research note on Thursday, March 16th. They issued a “buy” rating and a $67.00 target price on the stock.
Leidos Holdings (NYSE:LDOS) opened at 51.19 on Friday. Leidos Holdings has a 52-week low of $37.79 and a 52-week high of $56.67. The stock has a market cap of $7.73 billion, a P/E ratio of 24.09 and a beta of 1.73. The stock has a 50 day moving average price of $54.16 and a 200 day moving average price of $52.26.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.54 billion. Leidos Holdings had a return on equity of 16.70% and a net margin of 3.16%. The company’s quarterly revenue was up 96.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. On average, equities research analysts forecast that Leidos Holdings will post $3.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Tuesday, June 13th. Leidos Holdings’s dividend payout ratio is presently 57.92%.
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Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Leidos Holdings by 12,635.3% in the first quarter. BlackRock Inc. now owns 11,369,840 shares of the aerospace company’s stock worth $581,454,000 after buying an additional 11,280,562 shares in the last quarter. FMR LLC raised its position in shares of Leidos Holdings by 76.7% in the first quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock worth $241,680,000 after buying an additional 2,051,894 shares in the last quarter. Norges Bank acquired a new position in shares of Leidos Holdings during the fourth quarter worth $68,181,000. Vanguard Group Inc. raised its position in shares of Leidos Holdings by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,387,893 shares of the aerospace company’s stock worth $633,517,000 after buying an additional 483,615 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Leidos Holdings by 31.6% in the first quarter. Schroder Investment Management Group now owns 1,538,906 shares of the aerospace company’s stock worth $78,977,000 after buying an additional 369,880 shares in the last quarter. 74.66% 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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