Leidos Holdings, Inc. (LDOS) Receives Consensus Rating of “Buy” from Brokerages

Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been given a consensus rating of “Buy” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $69.25.

Several analysts recently weighed in on the company. BidaskClub upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research downgraded Leidos from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen restated a “buy” rating and issued a $68.00 price target on shares of Leidos in a research note on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and set a $75.00 target price on shares of Leidos in a research note on Thursday, October 5th. Finally, TheStreet upgraded Leidos from a “c+” rating to a “b+” rating in a research note on Monday, October 2nd.

Shares of Leidos (LDOS) opened at $67.13 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.03. The firm has a market capitalization of $10,160.00, a P/E ratio of 35.90, a P/E/G ratio of 1.68 and a beta of 1.66. Leidos has a 52 week low of $47.81 and a 52 week high of $67.68.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. analysts forecast that Leidos will post 3.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.28 annualized dividend and a yield of 1.91%. Leidos’s dividend payout ratio is 68.45%.

In other news, Director John P. Jumper sold 61,212 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total value of $3,921,240.72. Following the transaction, the director now directly owns 306,709 shares in the company, valued at approximately $19,647,778.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Leidos by 5.3% in the 2nd quarter. M&T Bank Corp now owns 6,241 shares of the aerospace company’s stock worth $323,000 after buying an additional 314 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Leidos by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 54,792 shares of the aerospace company’s stock worth $2,831,000 after buying an additional 478 shares during the last quarter. Zacks Investment Management boosted its stake in shares of Leidos by 3.5% in the 2nd quarter. Zacks Investment Management now owns 14,254 shares of the aerospace company’s stock worth $737,000 after buying an additional 485 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Leidos by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after buying an additional 513 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Leidos by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 42,937 shares of the aerospace company’s stock worth $2,219,000 after buying an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 73.50% of the company’s stock.

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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.

Analyst Recommendations for Leidos (NYSE:LDOS)

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