Leidos Holdings, Inc. (LDOS) PT Raised to $71.00
Leidos Holdings, Inc. (NYSE:LDOS) had its price target hoisted by investment analysts at Citigroup Inc. from $65.00 to $71.00 in a research report issued on Friday. The brokerage currently has a “buy” rating on the aerospace company’s stock. Citigroup Inc.’s price objective suggests a potential upside of 11.53% from the stock’s current price.
A number of other equities research analysts have also issued reports on LDOS. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 target price (up from $62.00) on shares of Leidos Holdings in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and upped their price target for the company from $61.00 to $68.00 in a research report on Thursday, August 10th. ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BidaskClub raised Leidos Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $52.00 price target on shares of Leidos Holdings in a research report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $65.55.
Shares of Leidos Holdings (LDOS) traded up $0.83 during trading on Friday, hitting $63.66. The stock had a trading volume of 897,129 shares, compared to its average volume of 722,026. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.27 and a quick ratio of 1.10.
Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Leidos Holdings had a return on equity of 17.36% and a net margin of 3.04%. Leidos Holdings’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. research analysts expect that Leidos Holdings will post 3.63 earnings per share for the current fiscal year.
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In other news, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares in the company, valued at approximately $372,410. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LDOS. Highbridge Capital Management LLC bought a new stake in Leidos Holdings during the 1st quarter valued at approximately $340,000. Janus Capital Management LLC boosted its stake in Leidos Holdings by 53.0% during the 1st quarter. Janus Capital Management LLC now owns 287,400 shares of the aerospace company’s stock valued at $14,698,000 after purchasing an additional 99,600 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Leidos Holdings by 60.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 53,582 shares of the aerospace company’s stock valued at $2,740,000 after purchasing an additional 20,090 shares during the period. Xact Kapitalforvaltning AB bought a new stake in Leidos Holdings during the 2nd quarter valued at approximately $599,000. Finally, First American Bank boosted its stake in Leidos Holdings by 1.9% during the 2nd quarter. First American Bank now owns 17,160 shares of the aerospace company’s stock valued at $887,000 after purchasing an additional 323 shares during the period. Institutional investors own 74.69% of the company’s stock.
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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