Shares of Leidos Holdings, Inc. (NYSE:LDOS) have received a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $67.18.
A number of equities research analysts have recently commented on LDOS shares. Citigroup increased their target price on shares of Leidos from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Leidos from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Friday, November 3rd. Cowen reiterated a “buy” rating and issued a $68.00 target price on shares of Leidos in a research report on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 target price on shares of Leidos in a research report on Tuesday, November 21st. Finally, TheStreet upgraded shares of Leidos from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd.
Institutional investors and hedge funds have recently made changes to their positions in the stock. PointState Capital LP purchased a new stake in shares of Leidos in the second quarter valued at about $8,534,000. Cipher Capital LP grew its holdings in shares of Leidos by 182.6% in the second quarter. Cipher Capital LP now owns 69,574 shares of the aerospace company’s stock valued at $3,596,000 after purchasing an additional 44,952 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Leidos by 249.3% in the second quarter. Canada Pension Plan Investment Board now owns 13,310 shares of the aerospace company’s stock valued at $688,000 after purchasing an additional 9,500 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Leidos by 11.5% in the second quarter. Pacer Advisors Inc. now owns 23,749 shares of the aerospace company’s stock valued at $1,228,000 after purchasing an additional 2,444 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Leidos by 32.4% in the second quarter. Amalgamated Bank now owns 28,124 shares of the aerospace company’s stock valued at $1,454,000 after purchasing an additional 6,890 shares during the period. 73.51% of the stock is owned by hedge funds and other institutional investors.
Leidos (NYSE:LDOS) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.14. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. equities analysts predict that Leidos will post 3.69 EPS for the current fiscal year.
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Leidos 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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