Leidos (NYSE:LDOS) had its price target boosted by analysts at Argus to $82.00 in a report released on Thursday, The Fly reports. The firm currently has a “positive” rating on the aerospace company’s stock. Argus’ price target would suggest a potential upside of 10.36% from the company’s current price.
A number of other brokerages have also weighed in on LDOS. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating in a report on Monday, February 11th. Cowen reiterated a “buy” rating and set a $77.00 price objective on shares of Leidos in a report on Tuesday, April 30th. Drexel Hamilton reiterated a “buy” rating and set a $75.00 price objective on shares of Leidos in a report on Friday, February 22nd. Credit Suisse Group reiterated an “outperform” rating and set a $88.00 price objective (up previously from $82.00) on shares of Leidos in a report on Wednesday. Finally, ValuEngine upgraded shares of Leidos from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $79.71.
Shares of LDOS opened at $74.30 on Thursday. Leidos has a 1-year low of $50.33 and a 1-year high of $75.79. The stock has a market cap of $10.64 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.69 and a beta of 1.74. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.23 and a quick ratio of 1.23.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. Leidos had a net margin of 6.47% and a return on equity of 20.08%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Leidos will post 4.58 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. STA Wealth Management LLC bought a new stake in shares of Leidos in the 1st quarter valued at about $793,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Leidos by 4.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,820 shares of the aerospace company’s stock valued at $630,000 after purchasing an additional 462 shares in the last quarter. Morgan Stanley raised its holdings in shares of Leidos by 0.3% in the 1st quarter. Morgan Stanley now owns 321,628 shares of the aerospace company’s stock valued at $20,614,000 after purchasing an additional 950 shares in the last quarter. Man Group plc raised its holdings in shares of Leidos by 144.8% in the 1st quarter. Man Group plc now owns 126,814 shares of the aerospace company’s stock valued at $8,128,000 after purchasing an additional 75,015 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Leidos by 3,037.0% in the 1st quarter. Macquarie Group Ltd. now owns 9,411 shares of the aerospace company’s stock valued at $603,000 after purchasing an additional 9,111 shares in the last quarter. Institutional investors and hedge funds own 76.72% of the company’s stock.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It 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.
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