Leidos (LDOS) Cut to “Hold” at ValuEngine

Leidos (NYSE:LDOS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities analysts have also issued reports on the company. Goldman Sachs lowered Leidos from a “conviction-buy” rating to a “buy” rating and set a $82.00 price target for the company. in a research note on Tuesday, May 8th. Zacks Investment Research raised Leidos from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Citigroup increased their price target on Leidos from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Credit Suisse Group reaffirmed an “outperform” rating and set a $81.00 price target (up from $79.00) on shares of Leidos in a research note on Friday, February 23rd. Finally, Jefferies Group increased their price target on Leidos from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Leidos currently has a consensus rating of “Buy” and a consensus price target of $73.89.

NYSE LDOS traded down $0.72 on Thursday, reaching $60.76. 698,100 shares of the stock traded hands, compared to its average volume of 987,240. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.01 and a current ratio of 1.25. The firm has a market cap of $9.34 billion, a P/E ratio of 16.33, a PEG ratio of 1.48 and a beta of 1.60. Leidos has a 12 month low of $61.53 and a 12 month high of $62.03.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $1.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.03. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.58 billion. Leidos had a return on equity of 17.90% and a net margin of 3.95%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. research analysts predict that Leidos will post 4.38 earnings per share for the current fiscal year.

Leidos announced that its board has authorized a stock repurchase program on Thursday, February 22nd that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in shares of Leidos during the 1st quarter worth $120,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Leidos during the 1st quarter worth $181,000. Fisher Asset Management LLC bought a new stake in shares of Leidos during the 1st quarter worth $201,000. IBM Retirement Fund bought a new stake in shares of Leidos during the 1st quarter worth $206,000. Finally, Lido Advisors LLC bought a new stake in shares of Leidos during the 1st quarter worth $234,000. 73.37% of the stock is owned by institutional investors and hedge funds.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Leidos (NYSE:LDOS)

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