Leidos Holdings, Inc. (NYSE:LDOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $70.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.96% from the stock’s previous close.

According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “

Several other research analysts also recently weighed in on the company. TheStreet downgraded Leidos Holdings from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Argus upped their target price on Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. BidaskClub raised Leidos Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company reaffirmed a “buy” rating and set a $68.00 target price on shares of Leidos Holdings in a research note on Thursday, October 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Leidos Holdings in a research note on Thursday, October 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.18.

Shares of Leidos Holdings (NYSE LDOS) traded up $0.83 during mid-day trading on Friday, hitting $63.66. The stock had a trading volume of 897,116 shares, compared to its average volume of 722,026. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 1.73 and a beta of 1.69.

Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Leidos Holdings had a return on equity of 17.36% and a net margin of 3.04%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. equities analysts expect that Leidos Holdings will post 3.63 earnings per share for the current fiscal year.

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In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the acquisition, the vice president now directly owns 2,000 shares in the company, valued at $110,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of LDOS. Northwestern Mutual Wealth Management Co. grew its holdings in Leidos Holdings by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after buying an additional 18 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Leidos Holdings by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after buying an additional 513 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Leidos Holdings by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after buying an additional 44 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Leidos Holdings by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after buying an additional 2,254 shares in the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in Leidos Holdings in the 2nd quarter valued at $174,000. Institutional investors own 74.69% of the company’s stock.

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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Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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